Taxes

46 posts

IRS Code 290

IRS Code 290 on IRS Transcript – What You Need to Know

IRS Code 290 on IRS Transcript 2022-23 IRS Code 290 indicates additional taxes were assessed for various reasons ranging from an audit’s results to a simple math error. When reviewing your tax transcript IRS Code 290 means an Additional Tax Assessed. However, you may not always owe additional taxes.  The […]

IRS Notice 1450

IRS Notice 1450 – What You Need To Know and Do

IRS Notice 1450 – What You Need To Know IRS notice 1450 provides instructions on how to request a Certificate of Release for a Federal Tax Lien once you have satisfied the balance due. Notice 1450 outlines the procedures for releasing a federal tax lien. It first instructs you on […]

IRS Notice 1445

IRS Notice 1445 – What You Need to Know

IRS Notice 1445 – What You Need to Know IRS Notice 1445 is a letter to taxpayers describing how anyone can obtain tax assistance in various languages to help process their tax returns. The IRS sends letters for a variety of reasons and scenarios. IRS Notice 1445 is especially beneficial […]

Is Workers' Comp Taxable

Is Workers’ Comp Taxable? Explanation & Example

Is Workers’ Comp Taxable? Is workers’ comp taxable? Generally no, but a portion might be taxed if you also receive Social Security Disability Insurance (SSDI) benefits. Individuals who experience a work-related accident or sickness are entitled to workers’ compensation benefits. If you are qualified for temporary or permanent disability benefits […]