Reopening a Dormant Account An account closed after going dormant may be re-opened if an electronic payment or deposit is submitted within a specified amo...

Phishing can take many forms, but typically it’s done through phony emails. Scammers will sometimes send emails that appear to come from legitimate tax pr...

To request an S corp verification letter, contact the IRS’ Business & Specialty Tax Line at 1-800-829-4933. It’s open from Monday through Friday from ...

Drawbacks of a Living Trust Paperwork. Setting up a living trust isn’t difficult or expensive, but it requires some paperwork. Record Keeping. After a rev...

Is withholding required? As long as the foreign contractor is not a U.S. person and the services are wholly performed outside the U.S., then no Form 1099 ...

H1B Visa Free Travel for Indians. Photo: Sun, sand, sea / The Art of Travel Partners. Philippines (14 days for holders of either a valid USA, Japanese, Au...

6 months Personal, business, and payroll checks are good for up to 6 months (180 Days). After six months the check technically becomes “stale-dated”. Once...

Most Americans won’t have to take any action in order to receive their payment, but the Get My Payment tool on the IRS website should show you the status ...

Schedule C is used by Section 501(c) organizations and Section 527 organizations to furnish additional information on political campaign activities or lob...

The W-9 form must be filled out by self-employed workers such as independent contractors, vendors, freelancers and consultants. Income under $600 must sti...