Nonprofit Employer Identification Number (EIN) is a Federal nine-digit tax number that IRS assigns to nonprofits, charities, organizations, and businesses in the following format: XX-XXXXXXX. … Nonprofit organizations…

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If you’re planning to file electronically through e-file, you won’t be able to e-file your state taxes before you e-file your federal taxes. Generally, e-file programs require you…

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Generally, support payments made under a court order or written agreement for the maintenance of the recipient are taxable to the recipient and deductible by the payer if…

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Yes, Cash App report Personal account and file 1099-B to the IRS for the applicable tax year depending on if you exceed the trigger amount for the 1099…

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Yes, you can deduct margin interest provided it is paid in that year, and you also can only deduct interest expense on money borrowed to buy securities or…

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Since the earliest days at Amazon, the company has kept its federal tax bill low by reinvesting profits back into the company and taking advantage of the research…

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Generally, an amount included in your income is taxable unless it is specifically exempted by law. Income that is taxable must be reported on your return and is…

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Examples of food and beverages that are zero‑rated as basic groceries include fresh, frozen, canned and vacuum sealed fruits and vegetables; breakfast cereals; most milk products; fresh meat,…

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Is a tax preparer liable for mistakes? If your tax preparer makes a mistake resulting in you having to pay additional taxes, penalties or interest, you have to…

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If the IRS sent you a “notice of tax due” letter, it means that the IRS thinks you have not paid the total amount of taxes that you…

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