Tax Resources for Accountants and Small Businesses (U.S.)
The IRS sends millions of notices and letters each year for many different reasons. Some notices are informational, while others involve balances due, refund reviews, identity verification, or requests for additional information.Receiving an IRS...
Current Applicable Federal Rates (AFR) The Applicable Federal Rates (AFR) are monthly interest rates published by the IRS and used for tax purposes such as loans between related parties, imputed interest rules, and other...
Current guidance: IRS Publication 15-B (2026) continues to reference Notice 2011-72 for the tax treatment of employer-provided cell phones. See the Employer-Provided Cell Phones section in IRS Publication 15-B for current guidance. PURPOSE This...
What Is a First B Notice? When you file Form 1099s and the Internal Revenue Service (IRS) identifies a vendor’s or payee’s name and Taxpayer Identification Number (TIN) combination as mismatched, you may receive...
List of Principal Business Activities and codes that classify a company by the type of activity that is needed by the Internal Revenue Code. They are based on the North American Industry Classification System.
A complete overview of Wyoming sales and use tax rules for construction contractors, based on official guidance from the Wyoming Department of Revenue (DOR) and Wyoming Statutes Title 39. Introduction The construction industry in...
Enter the six-digit code on page 1, item B. Also enter the business activity on page 2, Schedule B, line 2(a) and a brief description of the principal product or service of the business...
When applying for the Uniform CPA Examination, candidates may be asked for a Jurisdiction Identification Number (Jurisdiction ID). This is a unique identifier issued by the jurisdiction (state board or equivalent) where you apply...
Truck driver per diem in the United States follows special IRS rules for the transportation industry. If you drive away from your tax home and need sleep or rest, you may qualify to use...
The IRS special per diem rates for 2026–2027 provide standard daily allowances for business travel expenses, including lodging, meals, and incidental expenses. Employers may use these rates to reimburse employees for qualifying business travel...
What is Form W-4 (Employee’s Withholding Certificate)? Form W-4 is an IRS form employees give to their employer so the correct amount of federal income tax can be withheld from their pay. If too...
Many taxpayers become worried after receiving a letter from the IRS and immediately wonder whether they are being audited. In reality, most IRS notices are not audits.The IRS sends millions of notices every year...
Ignoring IRS notices can lead to additional letters, continued account activity, and possible changes to your tax account depending on the type of notice involved.Some IRS notices are informational, while others may involve deadlines,...
Getting a letter from the IRS can feel stressful, but many IRS letters are routine and informational. In many cases, the IRS sends notices to request information, explain changes, confirm account activity, or notify...
If you received an IRS CP2000 notice, you may wish to review the notice carefully and compare it with your own tax records. Need the full explanation first? Read: IRS CP2000 Notice Explained. Step...
If you ignore an IRS CP2000 notice, the IRS may continue processing the proposed changes described in the notice.If you need the full explanation first, read: IRS CP2000 Notice Explained. What Happens After You...
If you received an IRS CP2000 notice, it means the IRS found a difference between the income reported on your tax return and information reported to the IRS by employers, banks, brokers, or other...
What Happens If You Ignore an IRS CP504 Notice? Ignoring an IRS CP504 notice can lead to additional IRS collection notices and continued activity related to your unpaid tax balance. If you need the...
If you received an IRS CP504 notice, the IRS is warning that your unpaid tax balance remains unresolved. CP504 is considered one of the more serious IRS collection notices.If you have not seen the...
If you received an IRS CP05 notice, you should carefully monitor the review process and prepare for possible IRS requests.Need the full explanation first? Read: IRS CP05 Notice Explained. Step 1: Read the Notice...
If you ignore an IRS CP05 notice, your refund may remain delayed while the IRS continues reviewing your return.If you need the full explanation first, read: IRS CP05 Notice Explained. Will Your Refund Be...