Questions related to tax refunds explode about a month after the tax season starts. Plenty of specific questions usually gets left unanswered, like the time when the IRS deposits tax refunds. If you’re in a hurry, it’s expected to ask these sorts of questions. Luckily, this article will let you know everything you need to … Read more
Perhaps the most commonly asked question every tax season is when will I get my refund? After submitting your tax return, there isn’t much you can do to make the process faster. From the moment the IRS receives your return, it’s at the hands of the agency. You will have to wait for the IRS … Read more
The backup withholding rate is the amount a company must pay to the IRS to deduct taxes in the event of bankruptcy. There are a number of exemptions and penalties for not reporting and paying backup withholding, including giving false information. Whether you are an employee or a business owner, the Backup Withholding Rate is … Read more
Form W-4 isn’t mandatory to file as an employer can just withhold at the highest single rate, but there some potential penalties that might come with it. Unlike many other tax forms, these penalties don’t come when you don’t file the form, but when you do it incorrectly. There is only one reason why an … Read more
Form W-9 is mandatory when requested as the requester needs your taxpayer identification number to file the necessary tax forms. When this demand is not met, there are penalties. Get the most recent Form W-9 for 2023. These penalties are mostly a one-time monetary fine that can further be more than just that. This article … Read more
Gas prices in California are some of the highest in the nation. While the summer driving season should bring prices down, they are unlikely to fall much farther in the next several years. That means it’s wise to prepare now for high gas costs.Historically, gas prices have risen in the spring and fall, then fallen … Read more
You’ve come to the right site if you’re wondering how long it will take to receive your tax refund. This article discusses how you can make a good decision on how to receive your refund and whether you should file online or by direct deposit. E-filing You can get your tax refund in less than … Read more
It’s important to understand the distinction between sales and commercials if you’re selling things. Having a clear understanding of these terms will make your job much easier. In addition, you’ll be able to determine what you’re good at and how to improve your skills. Sales vs. marketing If you’re running a business, you must understand … Read more
The Internal Revenue Service has the Spanish version of Form W-4. This version of Form W-4 used to be only for employees in certain US territories, like Puerto Rico. According to tax topic 753, all employees can start filing the Spanish version of Form W-4 as they desire. So the law has been changed, and any … Read more
With over 10 million taxpayers using TurboTax Free to file their federal and state income tax returns every year, it’s the most popular way to e-file taxes. The straightforward interface with simplicity allows taxpayers to prepare their tax returns quickly. However, not everybody is eligible for TurboTax Free. You must meet income and other requirements. … Read more