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What else can I help you with?
Is there a tax penalty to transfer all or some of funds from an ES OP to another fund within a 401K fund group?
No..not from the IRS...I guess there could be a special fee from the administrator. Its actually good to NOT have much of your retirement savings invested in the stock of your employer....all your eggs in one basket is the term.
Bank account frozen from garnishment by debt collection agency for credit card. The account only has SSI and SSD deposits. Garmishment was released by the court. Who's responsible for returning fund?
If your account was garnished by a govt agency(i.e. the IRS). Then the IRS needs to put that money back into your account not the bank.
Is TANF taxable income?
No. TANF is not taxable, and should not be included on your federal income tax return. Per IRS Pub. 525 "Do not include in your income governmental benefit payments from a public welfare fund based upon need..."
Is a money market fund the same as a mutual fund?
A money market fund is a mutual fund, but behaves a little different than most fund.
What is a fund of hedge fund?
It is a fund that invests in a portfolio of hedge funds.
What will happen to Employer if employer didn't file the withheld taxes to IRS?
........ IE he stole them????? Then someone should alert the IRS, an investigation will be conducted and if he DID steal them... he could possibly go to jail, but there will definitely be fines, penalties, etc. (Trust fund taxes are not something you mess with.)
Is there a tax penalty to transfer all or some of funds from an ES OP to another fund within a 401K fund group?
No..not from the IRS...I guess there could be a special fee from the administrator. Its actually good to NOT have much of your retirement savings invested in the stock of your employer....all your eggs in one basket is the term.
Bank account frozen from garnishment by debt collection agency for credit card. The account only has SSI and SSD deposits. Garmishment was released by the court. Who's responsible for returning fund?
If your account was garnished by a govt agency(i.e. the IRS). Then the IRS needs to put that money back into your account not the bank.
Will a bookkeeper get in trouble if the business is deliberatly not paying their taxes and the bookkeeper knows about it?
Possibly. The IRS has been known to take the position in delinquent tax collection matters that a bookkeeper in this scenario can be held a "responsible person" for payment of employment taxes. If the employment taxes are not paid over to the IRS then the IRS looks to collect the so-called Trust Fund portion of the employment taxes (plus interest and penalties) from anyone they deem a "responsible person". The company bookkeeper is high on the IRS target list of people they try to pin the blame on.
What is the difference between the IRS 1040 and IRS 1040A an 1040EZ?
what is the difference between the IRS 1040 and the IRS 1040EZ forms?
An IRS summons is served by who?
The IRS.
An IRS summons is issued by who?
The IRS.
When was IRS established in?
when was the IRS established?
What is the most helpful IRS publication?
IRS
Is TANF taxable income?
No. TANF is not taxable, and should not be included on your federal income tax return. Per IRS Pub. 525 "Do not include in your income governmental benefit payments from a public welfare fund based upon need..."
Where can I find more information regarding 401k regulations?
Since the 401 K fund is supervised by the financial branch of the government, the best place to find information would be off of the IRS website. They have a section devoted to 401 K's.
Is an edge fund a hedge fund?
There is no such thing as an edge fund.
