Nobody likes getting blindsided by surprise taxes. Whether you’re receiving a retirement plan payout, annuity payment, or other nonperiodic distribution, improper tax withholding amount can leave you scrambling to cover an unexpected bill from the Internal Revenue Service (IRS). That’s where IRS form W-4R comes in. This powerful but overlooked withholding certificate puts you in […]
Do you owe the IRS each year when you file your federal income tax return? Do you receive income from sources other than a regular paycheck, like self-employment, side jobs, investment income, or rental property? If so, you may be required to make estimated tax payments to avoid penalties from the IRS. Estimated taxes can […]
Have you invested in cryptocurrencies like Bitcoin or Ethereum? If so, you need to pay attention to a critical tax reporting update from the IRS. A seismic shift is coming that will impact every US crypto investor and trader. The IRS is rolling out a new form – the 1099-DA – exclusively for reporting capital […]
IRS Letter 2645C, sometimes called an interim letter, is the Internal Revenue Service’s way of notifying you that they’ve received some type of information or documentation from youbut haven’t taken action on it yet. However, the letter does not specify what documents were obtained. The 2645c letter irs sends simply states that the tax-related items […]
Have you been anxiously awaiting your tax refund, only to discover a 810 refund freeze is holding it up? If so, you’re not alone. Thousands of taxpayers each year are frustrated to find this vague notice on their transcript. But don’t panic. With some understanding of what the 810 freeze means, you can take steps […]
Opening up your bank statement only to find an unexpected charge can be alarming. Perhaps even more concerning is seeing a fee labeled “Legal Order LTS” without understanding what it means or why it appeared. Getting hit with legal fees when you’re already struggling financially can feel like salt in a wound. But knowledge is […]