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Medzam Consulting -Understanding Forms W-4 and W-9 Essential Tax Documents

Understanding Forms W-4 and W-9: Essential Tax Documents

Understanding tax forms like W-4 and W-9 is essential for accurate tax reporting and withholding. Here’s a breakdown of these important documents: Form W-4, Employee’s Withholding Certificate: Form W-4 is used by employees to inform their employer about the amount of federal income tax to withhold from their paycheck. It’s important to review and update your […]

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Medzam Consulting - IRS Offers Tax Relief for Those Affected by the California Wildfires

IRS Offers Tax Relief for Those Affected by the California Wildfires

Due to the recent wildfires affecting Southern California, the IRS announced on January 10th, 2025 that they would provide tax relief for individuals and businesses affected by the circumstances surrounding the wildfires and straight-line winds. The tax relief is offered to those residing within the designated areas established by the Federal Emergency Management Agency (FEMA),

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Check your mailbox: The IRS sent Letters 6419 and 6475 to all taxpayers who qualified for CTC and Stimulus Payment in 2021

The IRS (Internal Revenue Service) has already sent the Letters for the payments made in 2021 to all taxpayers who qualified Letter 6419 for “Advance Payments of the Child Credit” and Letter 6475 for “Stimulus Payments”.⁣ Important: These letters will be part of the documents necessary for the presentation of your 2021 Taxes.⁣

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4 Fundamental Tips to be prepared for this #TaxSeason2022

We want you to be prepared for the next #TaxSeason2022 and the presentation of your personal taxes for the year 2021, for this we share the following tips:⁣ Have on hand all your documents and/or information necessary for the preparation of your Taxes. ⁣ If you received advance payments of the Child Credit, you will

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