What to Do if You Receive an IRS CP2000 Notice
What to Do if You Receive an IRS CP2000 Notice An IRS CP2000 notice is mailed to a taxpayer when income reported from third-party sources such as an employer, bank,…
Deducting Business-Related Car Expenses
Deducting Business-Related Car Expenses If you’re self-employed and use your car for business, you can deduct certain business-related car expenses. There are two options for claiming deductions: Actual Expenses. To use…
Your Canceled Debt Could Be Taxable
Your Canceled Debt Could Be Taxable Generally, debt that is forgiven or canceled by a lender is considered taxable income by the IRS and must be included as income on…
IRS Ends Tax Transcript Fax and Third-Party Services
IRS Ends Tax Transcript Fax and Third-Party Services Due to ongoing efforts to protect taxpayers from identity thieves, the Internal Revenue Service no longer offers tax transcript faxing service and…