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Joint and Several Liability: Relief Options for Married Taxpayers
Filing jointly creates full shared liability. Use Form 8857 for tax understating issues (innocent, separated, equitable relief). Use Form 8379…
Overpayment Decisions: Apply to Next Year or Request a Refund
Overpayments can be applied to next year, refunded, or split; attach Form 8888 to divide refunds or buy up to…
IRS Payment Plans: Short-Term Relief and Installment Options
IRS payment plans include short-term (180 days, no user fee) and long-term installment agreements (monthly payments). Streamlined plans apply up…
Understanding Balance Due, Payment Options, and CNC Status
If total tax exceeds payments, taxpayers owe a balance due by April 15 to avoid penalties. File on time and…
Overview of Federal Withholding and Estimated Tax for Individuals
Pay federal tax during the year via withholding (Form W-4/W-4P) or quarterly estimated payments (Form 1040-ES). Deadlines are Apr, Jun,…
Understanding Tax Filing Deadlines and Extensions for Individuals
Tax returns are due April 15; Form 4868 filed by that date grants a six-month filing extension to October 15…
Disallowance Rules for EIC, CTC, and AOTC: When 8862 Is Required
The IRS issues Disallowances for non-math denials of EIC, AOTC, CTC/ACTC/ODC, blocking claims for 2 years for reckless disregard or…
Understanding Due Diligence Rules for EIC, AOTC, and CTC Credits
IRS enforcement targets paid preparers for refundable credits and HOH status: $600 per failure for 2023 returns filed in 2024,…