Reduced Refund
The Department of Treasury's Bureau of the Fiscal Service (BFS) issues IRS tax refunds and Congress authorizes BFS to conduct the Treasury Offset Program (TOP). Through the TOP program, BFS may reduce your refund (overpayment) and offset [...]
Payroll Taxes
Payroll taxes can be confusing. There are federal payroll taxes and state payroll taxes. Each entity having their own tax forms. Federal Form 941 are the quarterly reports. For the state of California DE9 and [...]
Interest rates remain the same for the second quarter of 2020
The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning April 1, 2020. The rates will be: five (5) percent for overpayments [four (4) percent in the [...]
Some popular tax benefits renewed for 2019
The Internal Revenue Service reminds taxpayers that it is processing tax returns claiming benefits extended or changed by recent legislation. Most taxpayers can file when they are ready – and as they normally would – [...]
Tax Time Guide: Millions use IRS.gov for tax help
Over the years, the IRS, FTB, and EDD have done wonders in improving their websites. Although the state tax entities such as FTB and EDD have excelled in their websites, IRS is not far behind [...]