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How to Fix Your IRS CP2100A Notice – Quick Guide
Overview You got a CP2100A from the IRS – they flagged your 1099 name/TIN. Don’t panic. Follow these steps to fix it fast and avoid backup withholding. What We Need From You Signed W-9 Your correct legal name and TIN. Signature and date. Your IRS ...
IRS Payment Plans: How to Break Down Your Tax Bill Over Time
Overview If you owe more in taxes than you can afford to pay immediately, don’t panic—there are structured ways to deal with it. One of the most practical options is requesting an IRS installment agreement using Form 9465, which lets you pay your tax ...
Partnerships vs. S Corporations: What You Need to Know About Taxes
Pass-Through Taxation for Partnerships and S-Corporations Both partnerships and S-corporations are considered pass-through entities, which means they don’t pay corporate income tax themselves. Instead, they distribute profits, losses, deductions, and ...
How to Calculate and File Estimated Taxes (Without Getting Slammed with IRS Penalties)
If you’re self-employed, earn income without withholding (like rental income, freelance gigs, or dividends), or run an S-corp, the IRS expects you to pay as you go—not just once a year. That means calculating and paying estimated taxes quarterly. To ...
💸 How to Avoid IRS Underpayment Penalties (and Prove It)
Category: Taxes Made Simple → Notices & Collections ? What Is the Underpayment Penalty? The IRS runs on a pay-as-you-go system. If you earn income without withholding—like from freelancing, self-employment, or investments—you’re required to pay ...