A quick run down of some items that businesses should review prior to the year's end with some appropriate year end info to guide choice making. As well as some items to think about for the upcoming year.
Owe the IRS? Find Out Your Balance, Easy!
Nothing like calling the IRS to find out your balance and being on hold forever. I have heard horror stories where people were on hold for hours. Yes, plural. Why I was excited to share with you the following:
The IRS has just announced a new system to determine how much you owe without calling them.
Here is the link: https://www.irs.gov/payments/finding-out-how-much-you-owe
Here is what you need to use this:
To register for this service, you need:
- Your Social Security Number, date of birth, filing status and mailing address from latest tax return
- Access to your email account
- Your personal account number from a credit card, mortgage, home equity loan, home equity line of credit or car loan (yes, they have access to this information – a bit scary)
- A mobile phone with your name on the account
Yes, this only applies to a few of you – but no more being on hold for hours.