Refund IRS Tax 2022 refers to the process by which taxpayers who overpaid their federal income taxes in 2022 receive a return of the excess amount they paid to the Internal Revenue Service (IRS).

If you have paid more in taxes than you actually owed for the tax year 2022, you can file a tax return and claim a refund for the excess amount. The IRS typically issues refunds within three weeks of…

Form 8995 is a tax form used by individuals, estates, and trusts to calculate the Qualified Business Income (QBI) deduction, which was introduced as part of the Tax Cuts and Jobs Act (TCJA) of 2017.

The QBI deduction allows eligible taxpayers to deduct up to 20% of their qualified business income from a partnership, S corporation, or sole proprietorship, as well as 20% of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP)…

ATB Tax Return Services is a professional and reliable tax preparation firm based in Chicago that offers a wide range of services to meet the needs of individuals and businesses. We specialize in tax return preparation, IRS filing, and tax planning. Our experienced team of tax experts stays up-to-date on the latest tax laws and regulations to ensure that our clients receive the…

Form 2441 is a tax form used by taxpayers in the United States to claim the Child and Dependent Care Expenses tax credit. The purpose of this credit is to help offset some of the costs of child care or adult dependent care, so that taxpayers can work or look for work.

To claim the credit, taxpayers must provide information on Form 2441 about the care provider and the expenses incurred, as well as information about the child or dependent who received the care. The amount of the credit…

As a sole proprietor, you are responsible for reporting all business income and expenses on Schedule C (Form 1040 or 1040-SR), Profit or Loss From Business. This includes income from sales, commissions, and fees; cost of goods sold; expenses for rent, utilities, interest, taxes, and supplies; and any other business expenses.

Who Files a Schedule C?

If you are self-employed or run a…

Schedule C is a tax form used by self-employed individuals and small business owners to report their profit or loss from their business activities. The form is part of the individual income tax return, Form 1040, and is used to report income and expenses from a sole proprietorship, a single-member LLC, or a partnership that files as a disregarded entity.

The Profit and Loss section of…

ATB Tax Return Services is a professional and reliable tax preparation firm based in Chicago that offers a wide range of services to meet the needs of individuals and businesses. We specialize in tax return preparation, IRS filing, and tax planning. Our experienced team of tax experts stays up-to-date on the latest tax laws and regulations to ensure that our clients receive the maximum refund…

Form 8938 and FBAR are two different reporting requirements that U.S. taxpayers must comply with to report their foreign financial accounts.

The main differences between Form 8938 and FBAR are as follows:

Reporting threshold: The reporting threshold for Form 8938 is higher than that for FBAR. For Form 8938, U.S. taxpayers must file if the total value of their specified foreign financial assets exceeds $50,000 on the last day of the tax year or more than $75,000 at any time…

In Sage 50, writing off a customer bad debt means acknowledging that a customer's outstanding balance is unlikely to be paid and removing it from your accounts receivable balance. Write Off a Customer Bad Debt in Sage 50. This process allows you to reflect a more accurate representation of your company's financial position and also helps to simplify your accounts by removing the bad debt…

ATB Tax Return Services is a professional and reliable tax preparation firm based in Chicago that offers a wide range of services to meet the needs of individuals and businesses. We specialize in tax return preparation, IRS filing, and tax planning. Our experienced team of tax experts stays up-to-date on the latest tax laws and regulations to ensure that our clients receive the maximum…

ATB Tax Return Services is a professional and reliable tax preparation firm based in Chicago that offers a wide range of services to meet the needs of individuals and businesses. We specialize in tax return preparation, IRS filing, and tax planning. Our experienced team of tax experts stays up-to-date on the latest tax laws and regulations to ensure that our clients receive the maximum…

ATB Tax Return Services is a professional and reliable tax preparation firm based in Chicago that offers a wide range of services to meet the needs of individuals and businesses. We specialize in tax return preparation, IRS filing, and tax planning. Our experienced…

ATB Tax Return Services is a professional and reliable tax preparation firm based in Chicago that offers a wide range of services to meet the needs of individuals and businesses. We specialize in tax return preparation, IRS filing, and tax…

A Quick Guide to the 2018 QuickBooks Payroll Tax Update with the 2018 QuickBooks Payroll Tax Update just around the corner, it's important to make sure you have all the information needed to file your taxes correctly. In this quick guide, we'll provide an overview of what you need to know about the upcoming update and offer some helpful tips on how to prepare for it.

Introduction to the 2018 QuickBooks Payroll Tax Update

The…

Timeslips periodically releases updates that are easily downloaded. Here is what we recommend before applying any software update. Sage Timeslips center users, Download Sage Timeslips you don't have to install any additional software, so you have the option of using multiple devices–including laptops, tablets, smartphones, Macs and more.

Sage Intacct is a cloud-based small business accounting software that offers users a number of features and benefits over QuickBooks, the leading desktop software. Convert Sage Intacct Data to QuickBooks Online with Reconcile books Associates with Zero down time and no double entry. In this article, we'll compare the two and help you decide which one is right for your business If you…

Intuit QuickBooks is a widely used accounting solution for various businesses. Right from sending invoices to its customers, managing business expenses, and accessing the information about the company, QuickBooks Online (QBO) does it all very swiftly. What does service discontinuation mean? Your access to QuickBooks Desktop Payroll Services, Live Support, Online Backup, Online Banking, and other services through QuickBooks Desktop 2020 software will be discontinued after QuickBooks Online…

It's that time of year when you need to think about getting your employer W-2 forms printed and mailed to your workers. The IRS also needs a copy, so we've got to do this for 1099s as well. It's not just about printing them though, it's about making sure they're done correctly. How to Create and Print W2 Forms in QuickBooks Desktop, Online, Payroll tasks that…

A QuickBooks administrator password is needed to access all your data which a user have stored all your data in QuickBooks files. To keep a strong password it protects all your business from an unauthorized access related to folks most crucial information or their private details that kept as hidden. Google Assistant is Google's smart assistant for mobile devices. It features a conversational system that can answer your questions, as well as perform tasks for you. The Google Assistant app is…