and Form 433-F (Collection Information Statement) before the IRS will consider entering into a payment arrangement. You must provide detailed financial information and financial verification to ...

A Social Security Administration letter advising of a reduction of his self-employment earnings record and an IRS refund were ...

Taxpayers may be subject to the risk that an IRS examination could increase (or create) a gift tax or estate tax liability many years after a gift is made. Practitioners can help clients limit this ...

Tax practitioners should be familiar with the special rules that apply and issues that can arise when an accounting method change is made while a taxpayer is under IRS examination.

If you pay a service provider to perform at least $600 of work for your business during a calendar year, you need to send Internal Revenue Service Form 1099-Misc to that provider before Jan ...

The Internal Revenue Service requires... Foreign charities use IRS Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, to apply for tax-exempt ...

The deductions are documented on Internal Revenue Service Schedule C, which is filed with the small business owner's Form 1040. Workers' compensation premiums are only deductible when they are ...

If your small business is a sole proprietorship, partnership, limited liability company or S-corporation, you and any co-owners pay the business's taxes through the income you report to the ...

The format of the consent form can mirror the consent statements that were included with the original S corporation election on IRS Form 2553, Election by a Small Business Corporation. Basically ...

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The corporation can make the election by filing IRS Form 2553: Election by a Small Business Corporation, which includes a section for all shareholders to sign and indicate their consent.

The chartered nonprofit must complete IRS Form 1023: Application for Recognition of Exemption under Section 501(c)(3) of the Internal Revenue Code. The nonprofit organization becomes exempt from ...