IRS Archives - Page 3 of 6

Is the Backdoor Roth IRA Strategy Right for Me?

IRS Retirement

November 1, 2022

Is the Backdoor Roth IRA Strategy Right for Me?

Implement the backdoor Roth IRA strategy to maximize your retirement savings, understanding its benefits, limitations, and tax implications.

Amy Northard, CPA

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Can You Get a Mortgage With Unpaid Taxes?

IRS Taxes

September 27, 2022

Can You Get a Mortgage With Unpaid Taxes?

Getting a mortgage with unpaid taxes: navigating challenges, understanding lender considerations, and strategies to secure financing.

Amy Northard, CPA

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What Is the IRS Debt Forgiveness Program?

IRS Taxes

September 19, 2022

What Is the IRS Debt Forgiveness Program?

IRS debt forgiveness programs: eligibility, application processes, and how to negotiate tax debts effectively for financial relief.

Amy Northard, CPA

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How to Request an S-Corporation Acceptance Letter (CP261) From the IRS

IRS S-Corporation

September 1, 2022

How to Request an S-Corporation Acceptance Letter (CP261) From the IRS

Understanding CP261 notice for S-Corporation acceptance, its implications for your tax status, and next steps for newly elected S-corps.

Amy Northard, CPA

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Do I Have to Pay Taxes on My Unemployment Benefits?

IRS Small Business Tips Taxes

August 29, 2022

Do I Have to Pay Taxes on My Unemployment Benefits?

How to report and pay taxes on unemployment benefits, understanding tax implications, and planning for potential liabilities.

Amy Northard, CPA

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How to File IRS Form 1310 - Refund Due a Deceased Taxpayer

IRS Taxes

August 26, 2022

How to File IRS Form 1310 – Refund Due a Deceased Taxpayer

Filing Form 1310 to claim a refund on behalf of a deceased taxpayer, including eligibility, required documentation, and procedural steps.

Amy Northard, CPA

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IRS Taxes

August 22, 2022

What Is an IRS Cycle Code?

Deciphering IRS cycle codes: Understand what your IRS cycle code means for your tax return processing timeline and refund status.

Amy Northard, CPA

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What Is Code 570 and 971 on My IRS Tax Transcript?

IRS Small Business Tips Taxes

August 17, 2022

What Is Code 570 and 971 on My IRS Tax Transcript?

Clarify the meanings of IRS codes 570 and 971 on your tax transcript, their impact on your tax account, and next steps.

Amy Northard, CPA

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IRS Small Business Tips Taxes

July 26, 2022

Why Small Businesses Get Audited

Explore common reasons why small businesses may be audited by the IRS and how to reduce the risk.

Amy Northard, CPA

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What Day and Time Does the IRS Deposit Refunds?

IRS

June 16, 2022

What Day and Time Does the IRS Deposit Refunds?

IRS direct deposit refunds explained: How to set up, timing, and what to do if your refund is delayed.

Amy Northard, CPA

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