Understanding IRS Collection Holds
Understanding IRS Collection Notices How The Collections Process Works: The IRS sends collection letters and notices to taxpayers for various reasons. There are two types of notifications. Those you agree with and those you disagree with. Responding to the notification letters by the due date is essential to avoid more aggressive collection actions. Common IRS […]
Estimated Tax Payments
Estimated Tax Payments A taxpayer who receives income from 1099-Nonemployee Compensation (1099-NEC) must make four estimated tax payments. These payments are due during the following periods: January 1st – March 31st April 1st – May 31st June 1st – August 31st September 1st – December 31st Payment vouchers, or IRS Form 1099-V, are attached to […]