IRS reminds businesses to update EIN applications

Businesses whose primary contact information has changed may receive a letter from the IRS prompting them to update their applications for Employer Identification Numbers. The IRS requires EIN holders to update responsible party information within 60 days of any change by filing Form 8822-B. One reason for this is so that the IRS has accurate […]
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A simple hire could prove to be complicated Do you hire helpers to care for your children or do household cleaning? What about hiring someone to maintain your lawn and garden? Do you pay them cash or “under the table?” Do you know that the IRS has rules on how much you can pay these […]