IRS Archives

IRS

April 29, 2024

What Is IRS Code 409A?

Save on taxes and boost retirement savings with a Nonqualified Deferred Compensation (NQDC) plan. Learn IRS rules, pros & cons, and if an NQDC is…

Amy Northard, CPA

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IRS Taxes

April 17, 2024

IRS Code 414: Retirement Plans and Your Taxes

Demystify IRS Code 414 & Retirement Plans! Understand who it applies to, controlled groups, 414(h) plans & tax benefits. Free resources for small businesses &…

Amy Northard, CPA

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IRS Taxes

April 10, 2024

IRS Code 162: What Is an Ordinary and Necessary Business Expense?

Discover the essentials of IRS Code 162(a) for maximizing business deductions. Learn the intricacies of 'ordinary and necessary' expenses, the impact of Supreme Court interpretations,…

Amy Northard, CPA

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IRS Taxes

April 4, 2024

Why Do I Have “IRS TREAS 310” on My Bank Statement?

Unravel the mystery of IRS TREAS 310 in your bank transactions! Learn what this IRS code means for tax refunds and government payments, and what…

Amy Northard, CPA

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How to Change Accounting Methods Using IRS Form 3115

IRS Small Business Tips

February 14, 2024

How to Change Accounting Methods Using IRS Form 3115

Learn how to change your business's accounting method using IRS Form 3115, covering accrual vs. cash basis, filing procedures, and IRS compliance tips.

Amy Northard, CPA

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How Much Should I Contribute to My 401(k)?

IRS Retirement

February 5, 2024

How Much Should I Contribute to My 401(k)?

Maximize your retirement savings with insights on 401(k) contributions, including limits, tax benefits, and strategies for different employment statuses.

Amy Northard, CPA

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IRS

December 14, 2023

What Is IRS Code 806?

Unraveling IRS Code 806: Understand the significance of 'Credit for Withheld Taxes and Excess FICA' on your tax transcript and its implications for your refund.

Amy Northard, CPA

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