Tax Resources for Accountants and Small Businesses (U.S.)
Like Share Print Form 1040, U.S. Individual Income Tax Return Annual income tax return filed by citizens or residents of the United States. Instructions for Form 1040 Forms and Schedules for Form 1040 2013...
Applicable Federal Rate (AFR) – Explanation and IRS Monthly Updates The Applicable Federal Rate (AFR) is the minimum interest rate that the Internal Revenue Service (IRS) allows for private loans and other financial transactions...
The Applicable Federal Rate (AFR) is updated every month by the Internal Revenue Service (IRS). For 2025, AFR levels reflect the continuing adjustment of federal interest rates in response to broader economic trends and...
This article explains Form 1099-K using only official guidance from the Internal Revenue Service (IRS). It is designed for U.S. small businesses, online sellers, accountants, and platforms that process payments for goods and services....
If you’ve received a CP 2100 Notice from the IRS, don’t panic — but don’t ignore it either. The notice means the IRS found a name and taxpayer identification number (TIN) mismatch or a...
Authority: Internal Revenue Service (IRS), U.S. Department of the Treasury Official source: https://www.irs.gov/filing/e-file-information-returns Overview Beginning January 1, 2024, the Internal Revenue Service (IRS) requires that any person or business filing 10 or more information...
Based on official IRS publications and announcements (updated November 2025). Overview The One Big Beautiful Bill Act (OBBBA), enacted in 2025, introduced several tax provisions administered by the Internal Revenue Service (IRS). The Act...
If you receive a CP2100 or CP2100A Notice from the IRS, it means some of the name and taxpayer identification number (TIN) combinations on your Forms 1099 don’t match IRS or Social Security Administration...
Updated: October 30, 2025 Understanding the IRS Second B Notice When you issue Form 1099s to vendors or contractors, the IRS expects each payee’s name and taxpayer identification number (TIN) to match official records....
Introduction Receiving a letter from the IRS can be stressful, especially when it says “CP 2100 Notice” or “B Notice.”Don’t panic — this notice does not mean you are being audited or owe money.It...
List of Principal Business Activities and codes that classify a company by the type of activity that is needed by the Internal Revenue Code. They are based on the North American Industry Classification System.
2021 California Income Tax Calulator Select your filing status Single Married/RDP filing jointly Married/RDP filing separately Head of Household Qualifying widow(er) with dependent child Enter line 19 of 2020 Form 540 or Form 540NR...
IRS’s National Standards for Allowable Living Expenses IRS Collection Financial Standards are intended for use in calculating repayment of delinquent taxes. National Standards have been established for five necessary expenses: food, housekeeping supplies, apparel...
When an employee travels away from the office and incurs expenses, the company should reimburse them. Whether travelling across the world or just driving their car to a client’s location, getting the reimbursement right...
Are Employee Reimbursements Taxable? In this article we are talking about employee reimbursements and taxation. 1. Employee Reimbursements It’s inevitable that your employees will pay for business expenses with their own money and ask...
Enter the six-digit code on page 1, item B. Also enter the business activity on page 2, Schedule B, line 2(a) and a brief description of the principal product or service of the business...
Download the IRS2Go App If you have an Android device, you can visit the Android Marketplace to download the free IRS2Go app. Apple store Amazon Available features: Payment Get easy access to mobile-friendly payment...
1. Microsoft Excel spreadsheet for US Federal Income Tax Form 1040 Free Federal Income Tax Form 1040 (Excel Spreadsheed) Schedule A: Itemized Deductions • Schedule B: Interest and Ordinary Dividends • Schedule C: Profit...
Forms About Schedule A (Form 1040), Itemized Deductions Information about Schedule A (Form 1040), Itemized Deductions, including recent updates, related forms, and instructions on how to file. Schedule A (Form 1040) is used by filers...
IRS Publication 946 What’s New for 2020 Section 179 deduction dollar limits. For tax years beginning in 2020, the maximum section 179 expense deduction is $1,040,000 ($1,075,000 for qualified enterprise zone property). This limit...