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Feb 21, 2024 | 
activerain.com | Fanta Kaba
Live in Mount Laurel, NJ? Here is a quick story about IRS Tax LienWhat Happens When You Don't Pay Your Taxes to the IRSImagine you have a piggy bank where you keep all your treasures. But one day, you forgot to share some of your treasures with a friend, like you promised. That friend is like the IRS, which is a group that collects money for the government.
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Feb 19, 2024 | 
activerain.com | Fanta Kaba
An IRS penalty is a financial charge imposed by the IRS on taxpayers who fail to comply with tax laws, including not filing tax returns on time, failing to pay taxes owed by the due date, or making errors on their tax returns. These penalties are designed to encourage compliance and timely filing and payment of taxes. Late Filing Penalty: If you don't file your tax return by the due date (including extensions), the IRS can charge a late filing penalty.
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Feb 15, 2024 | 
activerain.com | Fanta Kaba
What is IRS Notice CP 90? In Mount Laurel, NJ the IRS Notice CP 90 is a final notice of intent to levy your assets due to unpaid taxes. This critical communication means the IRS is prepared to take serious action, including garnishing wages, seizing bank accounts, or even affecting your passport status. But, there's a beacon of hope if you act promptly and judiciously. What should you do when you receive IRS Notice CP 90? You should review the IRS notice.
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Feb 7, 2024 | 
activerain.com | Fanta Kaba
Just filed my income tax return, now I am receiving CP14 from the IRS. What do I do now? When you receive an IRS Notice CP14, it means the IRS is informing you that you have unpaid taxes for a specific tax year you have filed. This notice is essentially the first notice you might receive about unpaid taxes and it outlines how much you owe, including any penalties and interest accrued up to the date of the notice.
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Feb 5, 2024 | 
activerain.com | Fanta Kaba
What is IRS notice CP501 and what should you do when you receive it? After filing your income tax return and there is a balance due, the IRS sends the CP501 notice as an initial step in their process of collecting unpaid taxes. It's essentially a reminder for taxpayers who have a balance due on their federal taxes. The purpose of this notice is to inform you of the amount owed, including any penalties and interest that have accrued since you filled.
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Jan 25, 2024 | 
activerain.com | Fanta Kaba
In Mount Laurel, NJ dealing with the IRS collection process can be frightening, but understanding it is crucial to resolving back tax debts effectively. Notice of Back Tax Debt: The process begins when the IRS sends a notice, detailing your tax debt and demanding payment from you. This is your cue to either pay the amount or explore other options if you're unable to pay in full. The clock is ticking: It's imperative to respond promptly.
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Jan 24, 2024 | 
npr.org | Fanta Kaba |Gene Demby |Courtney Stein |Carolina Hidalgo |Jess Kung |Dalia Mortada | +7 more
New York City public housing is getting less public. How does that affect residents? Download Embed <iframe src="https://www.npr.org/player/embed/1197954644/1226375889" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player"> Transcript Fanta Kaba from WNYC's Radio Rookies (left) is also a resident of a New York City Housing Authority facility. She reports on the privatization of NYCHA buildings and what that means for residents.
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Jan 17, 2024 | 
activerain.com | Fanta Kaba
Business owners in Mount Laurel, NJ! Managing a business is tough, especially when it comes to dealing with IRS taxes. Not following the IRS rules can lead to big fines, penalties, and even legal trouble. You definitely don't want your business to get into hot water for not filing taxes. Here are some key steps to make sure you stay on the right side of IRS rules:Find Out Which Tax Forms You Need: Depending on your business type and industry, there are different tax forms to file.
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Jan 15, 2024 | 
activerain.com | Fanta Kaba
Today, we're going to explore the world of taxes. It might sound complicated, but it's actually quite interesting. We're going to learn about two types of taxes: Payroll Tax and Income Tax. Let's break it down into simple terms. What is Payroll Tax? Imagine you have a piggy bank where you save money from doing chores. If that piggy bank was like your paycheck, payroll tax would be a small part taken out of it before you even get it. This money goes to important things like healthcare for older people.
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Jan 8, 2024 | 
activerain.com | Fanta Kaba
Imagine opening your mailbox to find a notice from the IRS, declaring a lien on your assets. That's an IRS statutory lien, and it's something every taxpayer should be aware of. The Lifecycle of an IRS Lien: From Assessment to ResolutionAn IRS statutory lien is not a piece of paper but a legal claim against your property. It kicks in the moment you fail to pay your tax debt post the IRS's Notice and Demand for Payment. What does it cover?
