CANDACE STEVENS's (numbercruncherllc) Blog

January 24th, 2020 is the start date for the 2022 tax filing season. The tax filing deadline for most people is April 18th, 2022.The IRS strongly recommends that people efile and select direct deposit for their refunds as that will delay any processing issues. Also, when you go to your preparer, ...

It is a well-known fact that the IRS assesses penalties, and those penalties SUCK! They increase the amount you, end up owing the IRS A LOT more than you started with and they make us mad!  Regardless of all this, there are good reasons for the IRS assessing penalties: Encourages taxpayers to fil...

Not all Roth IRA withdrawals are tax-free. Even worse, some can be socked with a 10 percent early withdrawal penalty tax, and this can happen even when there’s no income tax hit. Any withdrawals from any of your Roth accounts are federal-income-tax-free qualified withdrawals if you, as a Roth IRA...

Millions of American businesses hire independent contractors to perform all types of services. And millions of American workers prefer to work as contractors rather than employees. Indeed, due to the COVID-19 pandemic, it’s likely that more people than ever want the freedom that comes with being ...

The focus of our practice is helping individuals and businesses resolve their IRS tax problems in the Las Vegas, Nevada, St. George, Utah areas, and elsewhere.  We also like to educate taxpayers as knowledge is power!If you have not filed tax returns for many years, you will only need to file the...

The focus of our practice is helping individuals and businesses resolve their IRS tax problems in the Las Vegas, Nevada, St. George, Utah areas, and elsewhere.  One way we like to help taxpayers is to educate them.After not filing tax returns for a number of years, you are ready to tackle the iss...

So, you haven't filed tax returns for quite a few years.  Below are items for you to consider.1.  Yes, the IRS knows.  It is just a -matter of time before they contact you.2.  The Failure-to-file penalty is 5% of the unpaid taxes for EACH month or part of a month that a tax return is late.  The p...

You about a what Substitute for Return (SFR) is all about.  What do you do now?  You have a couple of options. Do not file a return  File a Return Do Not File a Return:  As far as the IRS is concerned, an SFR is a legally filed tax return.  You don't need to do anything for that year if you agree...

The focus of our practice is helping individuals and businesses resolve their IRS tax problems in the Las Vegas, Nevada, St. George, Utah areas, and elsewhere.  However, we also like to educate taxpayers as knowledge is power and this knowledge can help you to not freak out so bad when dealing wi...

As the nation suffers from the ravages of the super-contagious COVID-19 Delta variant, the federal government desperately wants all American workers and their families to get vaccinated.If you have employees, you probably feel the same way. Indeed, more and more employers are implementing vaccine...