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IRS 1040 2023 Lowell Massachusetts: What You Should Know

Topic No. 163 Return of Wrongful Refund — IRS Internal Revenue Service will return a refund if there is a dispute about the amount of tax owed. To get back the money refund: 1. Write to IRS on Form 8453, Request for Refund of Tax Due. Fill in the fields: 2. Wait for the response If the IRS decides to refund, tell the bank when you receive it. 3. If you are having trouble locating the refund, call the IRS at (individual) or (business) Topic No. 165 IRS Form 1098-T — IRS Call to inquire about any Form 1098-T you have questions about. Topic No. 167 IRS Publication 526 Call to inquire about any publication you have questions about. Topic No. 172 Tax Due on a Gift — IRS If you receive a gift of an intangible, such as a piece of artwork, consider whether this is a taxable gift to you or a taxable transaction, depending on the facts. If you receive a gift of an intangible as taxable property, enter “Gift” on Line 45 of this form. Topic No. 173 IRS Publication 586 — The Nonprofit Business Guide If you run a for-profit business and are not paying yourself a salary, then you will benefit from the guidance and resources available in book. Publication 586, the Nonprofit Business Guide provides the IRS with information on running a nonprofit business. It also features more than 300 pages of information on topics such as fundraising, accounting, and personnel. Topic No.

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