Taxes

A taxpayer identification number—or TIN—is the number the IRS uses to associate income with the correct taxpayer.  Depending on the payee, it may be:– Social Security number (SSN)– Employer identification number (EIN)– Individual taxpayer identification number (ITIN) The IRS TIN Matching program allows eligible payers to confirm that a payee’s legal name and TIN combination matches IRS records […]

The second quarter estimated tax payment for tax year 2026 is due on June 15, 2026. Estimated tax payments are generally required for individuals who expect to owe at least $1,000 in federal income tax after withholding and credits. This commonly includes: – Self-employed individuals– Independent contractors– Gig workers– Rental property owners– Investors with significant income not subject to

Receiving a letter from the IRS can feel stressful for both individuals and business owners. Fortunately, most IRS notices are routine and can often be resolved quickly when handled promptly and correctly. The most important thing to remember: don’t ignore IRS correspondence. Why the IRS Sends Notices The IRS sends letters and notices for many reasons, including,