Are you considering filing your tax returns in 2023? You should know the current Federal Income Tax Rates. These rates are set annually and are adjusted for inflation. Inflation reduces the dollar’s purchasing power, and the IRS makes adjustments annually to account for it. What is the Federal Income Tax Rates for the Tax Year 2023? … Read more
Form M1PR is filed by homeowners to claim a Homestead Credit Refund. It can also be filed to acquire a Renter’s Property Tax Refund. Keep reading this post to see M1PR instructions for the tax year – Form M1PR has two pages and a couple of sections in it. The first page includes parts that … Read more
As you know, most of the IRS forms are updated annually to reflect the changes in rates. Some forms are updated more than once during the same tax year. Thus, taxpayers need to follow and acquire the updated versions all the time before they submit their files. However, considering the number of forms you must file during … Read more
Your passport may be renewed because of its due expiration date or because you might have lost it. Regardless of your purpose, there is a wide range of forms that you need to submit together with the main form. As a United States citizen, it is legal to have two passports at a time. One … Read more
Did you know that you can apply to the IRS for an individual or business payment plan? If you owe money to the IRS and cannot pay it in full right now, you can contact them to request a payment plan. This will help you to avoid paying extra interest and possible future penalties. Needless … Read more
The IRS tax transcript is an official document that shows the records of your past tax returns or similar taxation items. Most of the time, you need this document to submit to another institution, and you can request it online or by mail. If you want to learn more about the IRS tax transcript, then keep reading! … Read more
Form 720 is one of the tax forms that is used by businesses that are selling services or goods that are subject to the excise tax. You need to file it with the IRS quarterly to pay your federal excise tax. Here is detailed information on how to fill out Form 720. Gathering the Accounting … Read more
Are you wondering where to mail Form 9423? Are you unsure of what to write on this form? Fortunately, you are not alone. We’ll answer your questions, including where to mail Form 9423, in this article. Here are some of the most common ways to file this form. What is Form 9423? If you owe back … Read more
Who gets a stimulus check in ? The federal government will send a check for up to $1,400 to parents of children born in . They will also be eligible to claim an additional $1,400 after filing their taxes in . The check is for single parents earning up to $75,000 per year or for … Read more
You’ve likely heard about bill.com and QuickBooks, but are you familiar with the differences? If so, this article can help you make an informed decision on which system to use. Here’s a quick look at each of these software programs. To learn more, read on! Until then, keep reading for an in-depth comparison of bill.com vs. … Read more