From IRS.gov Taxpayers should open and carefully read any mail from the IRS.The IRS mails letters or notices to taxpayers for a variety of reasons including: […]
From IRS.govFor employees, withholding is the amount of federal income tax withheld from your paycheck. The amount of income tax your employer withholds from your regular […]
April 25, 2022
Owe the IRS money? How long do they have to collect? Have you ever wondered how long the IRS has to question and assess additional tax […]
Congress considers our tax system a “pay-as-you-earn” system. To facilitate that concept, the government has provided several means of assisting taxpayers in meeting the “pay-as-you-earn” requirement. […]
On Dec 20 Governor Whitmer joined several other states that enacted a work-around to the federal SALT Cap for owners of pass-through entities (Partnerships and S […]
If you invest in stocks, you probably look forward to receiving dividend checks (or notices that your dividends have been reinvested) from the companies you own […]
President Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law on November 15, 2021. One of the provisions of that legislation retroactively terminated the […]
Handling employment taxes can be complicated, especially when you’re required to file important tax documents throughout the year. Here’s a quick recap of the most vital […]