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Notice CP12: What This IRS Notice Means, How to Respond to It, and Why You Might Have Gotten a CP12 in the First Place
The IRS version of the 404 Error “Data Not Found (on Your Tax Returns)” Why did the IRS send you a CP12 Notice? It’s simple.…
Tax Teamwork: Instructions for Partnerships Using Form 1065 on Their Federal Tax Returns
They say partnership is hard. Then comes along Form 1065. Before diving into the details of 1065 instructions, it’s important to understand the context behind…
What Is Earned Income When It Comes to Filing My Tax Returns?
It sounds like a philosophical question, but really, the IRS just wants the paperwork done right. What does "earned income" really mean when calculating your…
Capital Gains and Income: Are You Ready to Realize How Your Gains Affect Your Taxes?
Did you realize this about your capital gains? Are Capital Gains Considered Income? Capital gains are profits earned from the sale of capital assets like…
Are Union Dues Tax Deductible?
As a member of a labor union, you may be curious to know if union dues are tax deductible. The answer is yes, but there…
Incoming! Filing Income Taxes When You Don’t Have Any Income to Report Has Real Benefits
You had me at "you might get money if you file, even if you don't have income." Yes, you can file taxes without income. You…
There Is No Such Thing As a Department of Employee Retention Credit: Ignore ERTC Promoters, Skip the Seminars, and Avoid ERC Scammers
Not a real department. Courtesy | Twitter, Dan Chodan, @danchodan Beware of Third-Party ERC Schemes and Aggressive Promoters The Employee Retention Credit (ERC)…
“Status: It’s Complicated” Breaking Down the Head of Household status, Spouse vs Dependents, and How Many Allowances You Can Claim
"Can my wife be a dependent?" Only if you wanna sleep on the couch. Are You The Head of Household? This filing status allows for…
