If you live or work in more than one state, how does that affect your state taxes?
The IRS is back open after a three week continuing resolution was passed late last week. This is just in time for the first day of tax season as the Service begins accepting returns.
In most years, the underpayment penalty has applied if you paid less than 90 percent of the tax amount owed. In 2019, you can avoid this penalty if you paid at least 85 percent of what you owed in 2018 through payroll withholdings and/or estimated quarterly payments.
While the federal government shutdown is entering its fourth week, the criminal investigations (CI) division is still fully staffed and working cases. To protect business interests, it’s crucial to know what to do at the first sign of an tax-related audit or investigation.
Payroll taxes are often problematic for employers.
In its 17th day and entering its third week, the effects of the partial federal government shutdown are being felt both by those who work for the IRS as well as early filers who count on a tax refund. If the shutdown continues for "months or even years," what will happen?
The short answer is yes it will likely have an impact. The IRS has a workforce of almost 78,000 employees. Only about 10,000 of those are “excepted” from furlough.