Avoid IRA RMD penalty....This video explains what to do if you missed your RMD, Required Minimum Distribution on your IRA or 401(k). File IRS Form 5329 _________________________________________________ Katie St Ores CFP®, ChFC®, EA, LTC • 97 Hours of Continuing Education each year to maintain Professional designations • CFP® - Certified ...

Form 5329 must be submitted with your tax return if you meet certain criteria. This form will be necessary if you received early distribution from a retirement plan, took certain distributions from education accounts, made excess contributions to a traditional or ROTH IRA, Coverdell ESA, Archer MSA, or an HSA, or require additional tax on ...

Here we have made a video on Form 5329 ------------------------------------------------------------------------------------------------------------------------------------------------- Are you struggling with your accounting backlog and looking for a low-cost solution? Meru Accounting is a leading well-known Indian accounting firm providing ...

Many people with an inherited IRA are impacted by the missed RMD penalty waiver in IRS Notice 2022-53. Are you?

A parent can create a Section 529 College Savings plan for their children's college education fund. The Section 529 Plans are ideal because cash is saved for college, and the investment income earned within the account can grow tax-free. So long as distributions are used for college tuition and expenses, none of the distributions are taxable ...

IRS Form 5472 is not talked about that often, but it is important for US-based corporations that have foreign stakeholders involved in their company. In this video, we will cover: + What is Form 5472? + Understanding Form 5472 Reportable Transactions + Who must file Form 5472 + Form 5472 instructions + Form 5472 Penalties + Form 5471 vs Form ...

Learn, step-by-step, everything you need to do to file IRS Form 940. Have you paid federal unemployment taxes in the past year? Then you need to fill out IRS Form 940. This form must be filed by businesses with employees to report their obligations under the Federal Unemployment Tax Act—also known as FUTA. For our complete guide, visit: http ...

NOTE: Form 5472 now also applies to foreign-owned single-member LLC and not just foreign-owned US corporations! links: Full article on IRSMedic.com: https://www.irsmedic.com/blog/2019/01/irs-form-5472.html IRS.gov Form 5472 filing information: https://www.irs.gov/forms-pubs/about-form-5472 What is IRS Form 5472? IRS Form 5472 is the information ...

All court's must file a 1099 A and C and if they dont you have the responsibility to report them by using the form 3949 A for failure to report income.

This form gives tax planners a "head ups" on issues that concern the IRS. Smart businesses like Google, Apple, and General Electric know that an IRS interest does not mean the idea is not legitimate. Learn more with Brian Dooley, CPA, MBT's international tax book for the entrepreneur only $9.50 on this link http://www.intltaxcounselors.com ...

Learn exactly how to fill out IRS Form 2553. Businesses must file Form 2553 with the IRS to elect to be taxed as an S-corporation. The form is due no later than two months and 15 days after the beginning of the tax year in which the election takes effect. After electing S-corp status, the company is taxed as a pass-through entity, so the ...

If you failed to timely file one of these international forms, you could be facing some severe penalties. The IRS is really interested in knowing what types of foreign financial assets are owned by U.S. taxpayers. If you own a stock interest in a CFC, make sure to include that Form 5471, or else you are facing a $10,000 penalty! Jason’s Page ...

The IRS releases 2017 forms, instructions, and publications. In addition, adjustments begin to Affordable Care Act regulations. Get the details and more in the March 2017 edition of Compliance TV.

Form 8938: IRS Requirements And Step By Step Instructions On How To Fill It Out. Many people may confuse Form 8938, which is an IRS requirement, with FinCEN Form 114 (FBAR) which is a FACTA requirement. If you do offshore banking you may need to file FBAR or Form 8938 or both. I will explain who needs to file Form 8938 and what are the monetary ...

Need help filling out IRS form 12277? The 12277 can be complicated, but we've got the information you need to get your lien withdrawn the first time.

800-245-0596 https://eataxresolutions.com/ 🤵 IRS Offer in Compromise Consultation: https://calendly.com/anthony-eataxresolutions/tax-meeting ---------------------- If you are looking to file an IRS offer in compromise in 2022, then most likely you will need to fill out the IRS Form 433-A OIC. This video is a step by step guide on how to fill ...

If you received income while working overseas and were taxed by a foreign government, you can file form 1116 with the IRS to ensure you’re not double taxed on that income. You can't properly file taxes if you don't know which forms apply to you. 1-800Accountant makes it a worry-free process. Learn more about IRS Form 1116: https ...

IRS Form 5472 for Foreign Shareholders Kruze’s tax team helps hundreds of startups cumulatively save millions on their taxes every year - even unprofitable startups can benefit from tax credits. See how much a tax return might cost your company at https://kruzeconsulting.com/startup_calculators/how-much-does-a-startup-tax-return-cost Hey, it ...

#IRS #Form4137 #IRSForm4137 #IncomeDiscrepancy #HowToHandleTipIncome

IRS Form 12257 is a summary of the determination issued by the IRS appeals office and also waives certain rights of a taxpayer. For more tax related information, please click: http://jmtaxlaw.com/

CARES Act Retirement Distributions: Form 8915-E and Form 8915-F: Reporting qualified 2020 disaster retirement distribution. See Form 8915-E 2020 for reporting on Form 8915-F in 2021 (and 2022). IRS Form 8915-E and IRS Form 8915-F links are below. Form 8915-F is used to report a disaster-related retirement distribution, and any repayments of ...

https://www.irsmedic.com/blog/2019/02/irs-form-3520-a.html Did a tax software program tell you that you need to file IRS Form 3520-A? Have you heard vague rumors that you might need one? Hi I’m Anthony Parent of IRSMedic. In this video we will explain the most likely reason you need to file a Form 3520-A, what goes into the form, and what to ...

If you received unemployment benefits in 2020, you'll need IRS Form 1099-G when you file your taxes. https://www.wfmynews2.com/article/news/local/2-wants-to-know/new-jobs-unemployment-and-irs-form-to-be-on-the-look-out-for-2-wants-to-know/83-f69a9000-329e-4d59-95ae-15793be4c99d SUBSCRIBE | https://bit.ly/2vsX74I Follow us: Facebook | https ...

If you take money out of any tax-deferred retirement account, such as 401(k), or IRA, before age 59-1/2, the distribution will be subject to an additional 10% penalty tax on the amount withdrawn. This video describes how the penalty works, and tells you under what circumstances you can get an exception to the penalty. For more information on ...

Tax Attorney explains IRS Form 4549 - Examination Changes Make an appointment with the attorney: https://taxhelplaw.com/contact-taxhelp/ See Form 4549 and learn the tax lawyer tactics: https://taxhelplaw.com/solutions/audit-prep-steps/form-4549/

In this video, we cover how to prepare, fill out, and submit Form 2848 and Form 8821: IRS Power of Attorney and IRS Information Authorization. Official website: http://www.passkeyonline.com. All rights reserved. PassKey Publications, PassKey Learning Systems and PassKey EA Review are US Registered Trademarks.

A step-by-step explanation on how to fill out Form 941. Businesses with employees must file IRS Form 941 on a quarterly basis to report income taxes, Social Security taxes, and Medicare taxes that they’ve withheld from employee paychecks. This form is also used to report the employer’s quarterly portion of Social Security and Medicare taxes ...

This video covers the IRS Form 2553 "Election by a Small Business Corporation" and all of the unique nuances of the form. For a full guide, visit our course here: https://bit.ly/irs-form-2553-s-election This video covers the following topics: 1. What entities are eligible to make the election. 2. Why would an entity want to make an "S ...

How can I get my IRS Form 5472 or Form 5471 Penalties Removed 📌 Here is a link to the tax advisor website with the 2015 article about getting these penalties abated. https://www.thetaxadviser.com/issues/2015/jul/tax-clinic-09.html I'll work on a newer, more relevant article for all of you to update you on these procedures. Also check the ...

Patel Law Offices’ goal is to achieve our clients’ objectives in the most responsive, and cost-effective manner. We utilize cost-effective methods to provide services in a timely, professional manner. Patel Law Offices Website - https://patellawoffices.com Schedule a free consultation - https://patellawoffices.com/contact/ Patel Law Offices ...

The Form 15103 is generally filed in response to an IRS CP59 notice. If you received a CP59 notice, the IRS wants to know why you did not file a Form 1040 tax return. View this video for more details on CP59 notice: https://youtu.be/LeImBwbKQL8 Jason’s Page: https://jasondknott.com/ Knott PLLC: https://www.knottpllc.com/ Need more help ...

The IRS Form 2439 is issued to a shareholder by either a REIT or RIC when the corporation has undistributed long-term capital gains that were subject to tax at the corporate level. The shareholder still needs to report their allocable share of the long-term capital gains and taxes paid by the corporation. Jason’s Page: https://jasondknott.com ...

The IRS Form 8802 is filed by individuals and companies to verify their U.S. tax residency. If a company or individual operates a business outside of the U.S., they may be liable for certain types of taxes and VAT, unless they can prove to the foreign tax authority that they are a U.S. tax resident. The application can file Form 8802 with the ...

This is the first video in a series which covers the preparation of IRS Form 5471 for the 2021 tax year. As a warning, the IRS Form 5471 is easily one of the most complex forms in the IRS' arsenal. There are lots of schedules and complicated rules, so if you are uncomfortable preparing these forms, we highly recommend you consult with tax ...

Filing Form 1116 to the IRS can be tricky, but avoiding these four common mistakes can save you time and money. Learn more here. Book a tax consultation: Use code YouTube20 to get a 20% discount https://optimiseaccountantsltd.as.me/optimiseaccountantstaxconsultation Looking for a new Real Estate Property Tax Specialists? https://www ...

Form 2555 - Instructions and Tips for US Expat Tax Payers - Patrick Evans CPA, CGMA, takes you through the Foreign Earned Income Exclusion and the Foreign Housing Exclusion SHARE this video: https://youtu.be/9iG2-iOwFo8 SUBSCRIBE to our YouTube channel for news and updates tips on US Tax: http://www.youtube.com/channel/UCgEa_skdgaL32KH1ktXXhOQ ...

IRS Form 3520-A has a due date that catches many by surprise, and some pretty serious penalties if you are late in filing. Learn more in our latest video below. #irs #taxes #thewolfgrouppc

IRS reminds taxpayers they have a variety of options to get help filing and preparing their tax returns on IRS.gov, the official IRS website....

To see an updated video click here: https://youtu.be/xwUoUKiuwks You can also follow the link below to get this software. But before you download it please click Like and/or Subscribe. The software is free, so it's a small price to pay. http://www.pdftax.com/

When is IRS Form 5471 due? Kruze’s tax team helps hundreds of startups cumulatively save millions on their taxes every year - even unprofitable startups can benefit from tax credits. See how much a tax return might cost your company at https://kruzeconsulting.com/startup_calculators/how-much-does-a-startup-tax-return-cost Hey, it's Scott Orn ...

Form 5173 is required when a deceased nonresident has U.S. situs assets. The executor of the person's estate must provide Form 5173 to a U.S. custodian in order for them to release the funds. Jason’s Page: https://jasondknott.com/ Knott PLLC: https://www.knottpllc.com/ Need more help? Schedule a Consultation: https://jasondknott.com ...

https://turbotax.intuit.com IRS forms are filled out by taxpayers each year to indicate how much money that person owes to the government. Find out about IRS forms with help from TurboTax in this video on tax tips. Note: For tax years beginning 2018, the 1040A and EZ forms are no longer available. They have been replaced with new 1040 and 1040 ...

"The Buckinghammer" answers the question "Do I need to fill out Form 8606?"

NBC's Tom Costello joins Shep Smith to report the IRS is encouraging taxpayers to file early this year so they get their refunds on time.

The IRS is delaying the implementation of a rule change that would have resulted in a virtual paper chase of tax forms going out by January 31, 2023.

How to get the IRS to remove penalties and interest for personal income taxes is very easy. If you are asking how can I get the IRS to waive penalties and interest, this is the perfect video for you. You need to give reasonable cause. Reasonable cause is an acceptable excuse that is valid in the eyes of the IRS or State. Please watch this video ...

Changes with new federal tax forms

What forms should you expect when filing your taxes? If you were self-employed, or worked on a contract basis with no taxes withheld, your income may be reported to you on Form 1099-K if you were paid by a third party payment service like PayPal or Venmo.

If you filed your Form 1040 tax return and never received your refund check, you can file a Form 3911 to request a new one. Form 3911 can be filed if you never received a check, or if the check was lost, stolen, or destroyed. Jason’s Page: https://jasondknott.com/ Knott PLLC: https://www.knottpllc.com/ Need more help? Schedule a Consultation ...

Don't forget to file Form 5472 and most importantly, don't file it late! ⚠️You will be hit with an automatic $10,000 penalty. ⚠️ Form 5472 can be found here https://www.irs.gov/pub/irs-pdf/f5472.pdf Form 5472 instructions are here https://www.irs.gov/pub/irs-pdf/i5472.pdf and the IRS regulations governing Form 5472 are below https://www ...

In this video I show you how to prepare and file a late S Corp election using Form 2553. I'll walk you through the form step by step and give you some insights on things to keep in mind when executing the late S corporation "strategy". Please, and I can’t stress this enough, watch this particular video in its entirety because I’m going to ...

If you received advance Child Tax Credit payments in 2021, check the mail for IRS Letter 6419. You will need Letter 6419 to file your 2021 taxes and receive the full amount of Child Tax Credit you're eligible for. Looking for more info? Check out our blog: https://blog.turbotax.intuit.com/tax-planning-2/irs-letters-6419-and-6475-for-the ...

If you're a business owner or self-employed and you underpaid your quarterly estimates you'll need to fill out IRS form 2210 to determine if you owe a penalty. You can't properly file taxes if you don't know which forms apply to you. 1-800Accountant makes it a worry-free process. Learn more about IRS Form 2210: https://1800accountant.com/blog ...

The IRS announced a delay in the 1099-K reporting threshold. Lisa Greene-Lewis, CPA and TurboTax tax expert, explains what you need to know for your 2022 taxes.

#smallbusiness #businesstaxes #irs #businessowner #business #entreprenuer In This Video I Will Show You Step By Step How To Complete The IRS Form 2553 To File An S Corp Election For Your Small Business And Get The Form Approved. To Fill Out The Form Follow These Directions And It Should Get Your Small Business Approved To File As An S Corp ...

IRS Form 12153 can be filed to request a Collection Due Process Hearing and exercise your rights as a taxpayer. If you have questions regarding a tax matter with the IRS or another tax matter, please contact The McGuire Law Firm to speak with a Denver tax attorney. You can visit the firm's website at: http://jmtaxlaw.com/ Click for more ...

The tax filing deadline is about a month away. Meanwhile, Dan Zimmerman is still trying to get answers about a tax return from years ago.

I AM running through the process to request Commercial status of any entity binging claims against your PERSON and refusing to provide the EIN or TIN of their company to Discharge the Claims being brought against your PERSON. prior to moving forward with Criminal charges against the individuals involved in the Criminal racketeering Scam they ...