Taxes and Tax Relief
Understanding IRS Notice CP21A: What You Need to Know
Receiving letters from the IRS regarding changes to your tax return can be unexpected. IRS Notice CP21A is a letter explaining that changes were made to your tax return, and you owe money. This guide will explain IRS Notice CP21A in detail, providing insights into its implications and offering guidance on how to address the […]
Understanding IRS Notice 12C: What You Need to Know
If you’ve recently received IRS Notice 12C, here’s what you need to know. Taxpayers receive IRS Notice 12C when further details are needed for tax return processing. This guide aims to clarify IRS Notice 12C, outlining what it entails and providing guidance on how to respond effectively. What is IRS Notice 12C? IRS Notice 12C […]
Understanding IRS Notice 3174: What You Need to Know
Getting letters from the IRS about unpaid taxes can cause worry and stress for taxpayers. Understanding what the letter means, and what to steps to take next can go a long way to alleviate that stress. IRS Notice 3174 serves as a reminder to individuals with outstanding tax liabilities. This guide will help you understand […]
Understanding IRS Notice CP01: Safeguarding Your Identity
Receiving any letter from the Internal Revenue Service (IRS) can be a cause for concern. IRS Letters concerning potential identity issues can evoke even more uncertainty. One of the notices the IRS may send in such circumstances is Notice CP01. This guide explains IRS Notice CP01, its importance, and the steps you should take to […]
Comprehensive Guide to Economic Nexus Policies in the United States
In the realm of state taxation in the United States, the concept of economic nexus has become increasingly pivotal, particularly concerning sales tax. Economic nexus dictates that a business’s tax obligations within a specific state are determined not solely by its physical presence but also by its economic activity within that state. This shift has […]
Understanding IRS Notice 2272C: What You Need to Know
Receiving a notice or letter from the IRS about your tax payments can be concerning. If you’ve received IRS Notice 2272C, this guide is here to help you understand what you need to do next. What is IRS Notice 2272C? IRS Notice 2272C is a notification sent to individuals regarding the denial of their request […]
Understanding IRS Tax Letter 4281C: What You Need to Know
Understanding IRS Tax Letter 4281C: What You Need to Know Getting any letter from the IRS can be worrying, Since IRS Tax Letter 4281C is a notice that deals with your personal information, it can be especially stressful to find it in your mailbox. This guide will explain IRS Tax Letter 4281C. We aim to […]
How to Plan Tax Savings for Retirement: Your Complete Guide
Planning for retirement means more than saving money. It also means knowing how taxes will affect your savings and investments in the future. Did you know you could get a tax break for retirement savings? The federal government offers incentives to save for retirement through taxes, including a federal tax credit for retirement savings. Using […]
Corporate Transparency Act 2024 – What You Need To Know
What is the Corporate Transparency Act? The Corporate Transparency Act (CTA), which was enacted in 2021, aims to combat illicit activity such as money laundering and tax fraud. New legislation brings a new reporting requirement to the CTA. As of January 1, 2024, businesses that meet certain criteria must file a Beneficial Ownership Information (BOI) […]