Author: taxsecretsblog

Article Highlights: IRS Notices CP Series Notice Automated Notices Frequent Errors ID Theft Penalties and Interest What You Should Do What We Will Do Now that most tax refunds are deposited directly into taxpayers’ bank accounts, the dream of opening your mailbox and finding an

While bank failures are rare in the grand scheme of things, they can and do happen - as recent events like the closure of Silicon Valley Bank go a long way towards proving. When these types of bank failures do occur, they can be catastrophic.

Article Highlights: Child Age Limits Employment-Related Expense Married Taxpayer Earnings Limits Qualifying Individuals Disabled or Full-Time-Student Spouse Expense Limits Applicable Percentage Table The Credit Day Camps Overnight Camp or Tutoring School Expenses Day Care Facility Dependent Care Benefits In-Home Care Substantiation State Tax Credit Summer

It's safe to say that the millions upon millions of small and mid-sized businesses operating right now are the true foundation of the United States economy. But whether you're a seasoned veteran or are a new entrepreneur looking to journey out on your own for

Article Highlights: Form W-4 Watch Out for Payroll Surprises Tips Odd Jobs Self-Employment Tax Working for Parents ROTC Students Newspaper Delivery Retirement Contributions As the summer break from school approaches, many students are looking for part-time summer employment. Both parents and students should be aware

Article Summary: Filing Status Deductions New Spouse’s Past Liabilities Combining Incomes Healthcare Insurance Spousal IRA Capital Loss Limitations Impact on Parents’ Returns Social Security Administration Internal Revenue Service U.S. Postal Service Withholding & Estimated Tax Payments Health Insurance Marketplace You think planning a wedding ceremony

Article Highlights: Repercussions of Incorrect Tax Returns Filing Amended Returns Statute of Limitations for Refunds Potential of Audit It is not uncommon to discover that an item of income was overlooked, a deduction was not claimed, or that an amended tax document was received after

June 2023 Individual Due Dates June 12 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during May, you are required to report them to your employer on IRS Form 4070 no later

While it's true that every business is different from the next - and every entrepreneur will go on his or her own unique journey - there are still a few constants that we know to be true. The start-up phase, for example, is when you

According to one recent study, YouTube had more than 2.68 billion active users as of 2023. The streaming giant's "YouTube Premium" paid accounts total nearly 80 million active customers all over the world. It's been estimated that over 50% of Internet users head to the