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Welcome to Get IRS-Transcript
Tax Transcripts are only available online. We have stopped processing transcript requests by mail until further notice. If you only need to find out how much you owe or verify payments you made within the last 18 months, you can view your tax account. WHAT’S NEW? There is a new transcript format that betterRead more -
COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION
COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION Disaster Loan Assistance Federal Disaster Loans for Businesses, Private Non-profits, Homeowners and Renters STREAMLINED PROCESS REQUIREMENTS SBA is collecting the requested information in order to make a loan under SBA’s Economic Injury Disaster Loan Program to the qualified entities listed in this application that are impacted by the CoronavirusRead more -
Check on the status of your Economic Impact Payment
This application will give you information about: Your payment status Your payment type Whether we need more information from you, including bank account information You May Need: Your 2019 return, if filed, and Your 2018 return Get My Payment Didn’t File a Return in 2018 or 2019 Click Here? If you haveRead more -
IRS Account Information
IRS Definition If you’re an individual taxpayer, you can view: Your payoff amount, updated for the current calendar day The balance for each tax year for which you owe Up to 18 months of your payment history Key information from your current tax year return as originally filed. More from Hector Madera Tax Professional ThroughRead more -
Tax Information Authorization (Form 8821)
IRS Definition Tax Information Authorizations (TIAs) allow your appointee to inspect or receive confidential tax information for the tax matters and periods you specify. The appointee of a TIA can be anyone you choose, including “family and friends”. TIAs can be submitted in writing or can be done over the phone. It allows yourRead more -
Calculate how much you’ll get from the $1,200 (or more) coronavirus checks
Please note The Washington Post is providing this story for free so that all readers have access to this important information about the coronavirus. The U.S. government is about to send checks — or direct deposits — to most Americans to help people survive financially as much of the economy shuts down in an effortRead more -
Quiénes serían elegibles para recibir la ayuda del gobierno de EEUU por Covid-19
People who earn up to $ 75,000 a year would be eligible for a one-time check of up to $ 1,200 from the federal government. A plan presented the Thursday night by Republicans in the Senate to allocate a direct cash payment to help Americans affected by the pandemic coronavirus send checks of up to USD 1,200 per person in single payment and this will rely on income of citizens . According to the initiative , the details of which wereRead more -
IRS Aviso 2020-18 , publicado el 20 de marzo de 2020 establece:
IRS Aviso 2020-18 , publicado el 20 de marzo de 2020 establece: Part III – Administrative, Procedural, and Miscellaneous Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic Notice 2020-18 PURPOSE On March 13, 2020, the President of the United States issued an emergency declaration under the Robert T. Stafford Disaster Relief and Emergency Assistance ActRead more -
2019 Tax Season Filing Deadline is now 7/15/2020.
Treasury Secretary Steven Mnuchin has announced that the tax filing deadline will now also be moved from April 15 to July 15. All taxpayers and businesses will have additional time to file and make payments without interest and penalties. At this time, we do not know if all states will conform to the July 15th extended deadline, but we areRead more -
Understanding the ITIN Renewal Process
Understanding the ITIN Renewal Process March 18, 2019 : Hector Madera Editor’s Note: This article was originally published on September 1, 2017. As part of recent changes in tax laws, some individuals who have an Individual Taxpayer Identification Number, or ITIN, will be required to renew their ITIN for the first time. Your ITIN isRead more -
Tax Reform Changes for Homeowners
Tax Reform Changes for Homeowners October 24, 2018 : Gil Charney Editor’s Note: This article was originally published on January 25, 2018. Owning a home is one of the largest investments a taxpayer can make, and with this investment comes several tax benefits. Taxpayers who are contemplating the purchase of a home should beRead more -
How Did Tax Reform Change Itemized Deductions?
How Did Tax Reform Change Itemized Deductions? October 10, 2018 : Kathy Pickering Editor’s Note: This article was originally published on December 22, 2017 and updated for accuracy in 2020. If you’re used to claiming itemized deductions, tax reform may have a surprise in store for you and how you file your taxes. ToRead more -
What Is Schedule A Tax Form? And How Does It Relate to Itemized Deductions?
What Is Schedule A Tax Form? And How Does It Relate to Itemized Deductions? For individual taxpayers, Schedule A is used in conjunction with Form 1040 to report itemized deductions. If you choose to claim itemized deductions instead of the standard deduction, you would use Schedule A to list your deductions. Your itemized totalRead more -
Hobby-Loss Rules And Income
Hobby-loss rules You can deduct hobby expenses up to the amount of your hobby income. Expenses that are more than the income you made from your hobby are nondeductible personal losses. If you operate a business, your business losses can offset other income on your return. To be considered a business, an activity must haveRead more -
Paying Self-Employment Tax
If you’re self-employed, you obtain Social Security and Medicare coverage through the payment of self-employment tax. These are figured on Schedule SE. If your net earnings from self-employment equal $400 or more, you must do both of these: File Schedule SE Pay self-employment tax This is true regardless of your age, and even if you’reRead more -
Reporting Business Income Or Loss
If you work for yourself — either full-time or part-time — report your income and expenses on Schedule C. Self-employment income includes income: From side jobs Reported to you on a Form 1099-MISC Since you’re self-employed: You can deduct your ordinary and necessary business expenses on Schedule C. You get Social Security and MedicareRead more -
How to Research Your IRS Account
Researching your IRS account, at a glance: Your IRS account information isn’t readily available or easy to read. You can get your information by requesting your tax transcripts from the IRS. Transcripts show information about your account, tax returns, and income. You can get expert help researching your tax account, and even authorize your taxRead more -
Your 2019 Tax Form Checklist
January 12, 2020 : Allie Freeland _______________ January is the time of new beginnings – starting a year with a blank slate, setting (and keeping) new resolutions, and getting prepared for the year ahead. Oh, and taxes… While you may not be a typical early filer, it is in your favor toRead more -
What is Form 1040
Form 1040 is the most complex of the three major individual tax forms. However, it offers many tax breaks you can’t get if you file a simpler form, like Form 1040EZ or Form 1040A. You can report all types of income, expenses, and credits on a 1040. If you receive these types of income, youRead more -
IRS Transcript
IRS Definition: The IRS has five types of transcripts: Tax Return Transcript – shows most line items including your adjusted gross income (AGI) from your original tax return (Form 1040, 1040A or 1040EZ) as filed, along with any forms and schedules. It doesn’t show changes made after you filed your original return. Tax Account Transcript – shows basicRead more -
IRS Amended Return Status
Did you file an amended return (Form 1040x) but aren’t sure how to track the status? There are a few different options for amended tax return tracking: Go to http://www.irs.gov and click Where’s My Amended Return. Call (866) 464-2050. When tracking your amended return, you’ll need to give this information: Your taxpayer identification number (for mostRead more -
”I Can’t Find My W-2 Form. Can I Still File My Taxes?”| Hector Madera
Employers aren’t required to provide their workers with a copy of their 2017 W-2 Form until January 31, 2018. So, can someone with a missing W-2 form file a tax return before this date using the information shown on their last paycheck stub of 2017? The answer is… no. You can’t file your taxRead more -
How Do I Get My W-2 Form Online? W-2 Early Access
Employers are required to send W-2 forms by January 31 each year or the next business day if the date falls on a weekend or holiday. However, you may not need to wait on the mail. Hector Madera Tax Professional ‘s free W-2 Early AccessSM service lets an electronic copy be sent to usRead more -
IRS Appeals
IRS Definition: Every year, the Office of Appeals helps more than 100,000 taxpayers resolve their tax disputes without going to Tax Court. Appeals is an independent organization within the IRS whose mission is to help taxpayers and the government resolve tax disagreements. Appeals does not seek to take sides in a dispute; rather it offersRead more -
ITIN Number Application & Renewal
ITIN Number Application & Renewal ITIN Application An ITIN will serve as your identification number for filing your taxes. With certified tax professionals and Certified Acceptance Agents (CAAs) nationwide, our offices are well-equipped to guide you through the ITIN number application or ITIN renewal process. Why do I need an ITIN? Let’s say you’re workingRead more
