https://vimeo.com/840148071?share=copy What is an information document request? An information document request is a formal notice from the Internal Revenue Service. During an audit in which the Internal Revenue Service personnel, be they an agent or an officer, will...
Tax is due to the Internal Revenue Service (IRS) on the return filing date. If you fail to pay all taxes owed when due, interest will be charged and continue to accrue from the return until it has been paid in full. Filing for an extension does not extend the time you...
For the purposes of filing federal income taxes, a corporation is considered a separate taxpayer. Any profit made is taxed to the corporation when earned and then taxed to the shareholders upon distribution as dividends. Critically, corporations that generate net...
Business owners must pay various taxes, including income taxes, franchise taxes, sales taxes, and the most dreaded of all – payroll taxes. Payroll taxes can be the most confusing. Even if you hand the responsibility over to a payroll company, as the business owner,...
The Internal Revenue Service (IRS) wants to ensure all taxpayers prepay their taxes as income is earned throughout the year. Taxes can either be paid through withholding by an employer or by making estimated tax payments four times a year. Tax must be paid on any...
https://vimeo.com/794589145 What do I do with a tax notice? Well, the first thing you don't do is you don't ignore it. You don't throw it away, and you don't put it on the bottom of your pile. The most important thing you can do with the tax notice is address it, and...
