WASHINGTON The IRS encourages taxpayers to use the IRS Tax Withholding Estimator to ensure they’re withholding the correct amount of tax from their pay in 2024. This digital tool provides workers, self-employed individuals and retirees with wage income a user-friendly...
IRS
What You Need To Know About IRA Rollovers
Are you thinking of an IRA rollover? Getting these three rules right is critical if you want to avoid a big tax bill. THE 60-DAY RULE Your rollover must be completed within 60 days of withdrawal, or it’ll be taxable. You’ll also get hit with a 10% early distribution...
What does an IRS audit look like?
While and IRS audit can be intimidating and the results will vary organization to organization, the full process is spelled out in IRS Publication 556. The basic steps are as follows: The IRS will contact you directly Though the IRS decides when, where, and how the...