Skip to content
Ruth Ann Michnay, P.A.

(651) 209-8696

  • Home
  • Services
    • Tax Problems
      • Tax Representation
    • Business Consulting & Tax Prep
    • IRS Audit
    • Tax Resolutions
    • Tax Levy
  • About Us
  • Tax Tips
  • Contact Us
×
  • Home
  • Services
    • Tax Problems
      • Tax Representation
    • Business Consulting & Tax Prep
    • IRS Audit
    • Tax Resolutions
    • Tax Levy
  • About Us
  • Tax Tips
  • Contact Us

Archive for June 2022

The IRS “What Ifs” for Struggling Taxpayers – Job Related (A-4)

By Ruth Ann Michnay, P.A. | June 28, 2022

The IRS “What Ifs” for Struggling Taxpayers – Job Related (A-4) What if I withdraw money from my IRA?Generally, early withdrawal from an Individual Retirement Account (IRA) prior to age59½ is subject to being included in gross income plus a 10 percent additional tax penalty.There are exceptions to the 10 percent penalty, such as using IRA funds…

Read More

The IRS “What Ifs” for Struggling Taxpayers – Job Related (A-3)

By Ruth Ann Michnay, P.A. | June 21, 2022

The IRS “What Ifs” for Struggling Taxpayers – Job Related (A-3) What if my employer goes out of business or into bankruptcy?Your employer must provide you with a Form W-2 showing your wages and withholdingsfor the year by January 31 of the following year.  You should keep up-to-date records orpay stubs until you receive your Form W-2.…

Read More

The IRS “What Ifs” for Struggling Taxpayers – Job Related (A-2)

By Ruth Ann Michnay, P.A. | June 14, 2022

The IRS “What Ifs” for Struggling Taxpayers – Job Related (A-2)What if my income declines?There are many tax credits that are subject to income limitations. If you had a reductionin income this year you may be eligible for some credits or deductions. For example,the  Earned Income Tax Credit  is available for working families and individuals.Eligibility…

Read More

The IRS “What Ifs” for Struggling Taxpayers – Job Related (A-1)

By Ruth Ann Michnay, P.A. | June 7, 2022

The IRS “What Ifs” for Struggling Taxpayers – Job Related (A-1)What if I lose my job?The loss of a job may create new tax issues. Severance pay and unemploymentcompensation are taxable. Payments for any accumulated vacation or sick time also aretaxable. You should ensure that enough taxes are withheld from these payments or makeestimated tax…

Read More

Recent Posts

  • Taxpayer Bill of Rights (Part II)
  • Taxpayer Bill of Rights (Part I)
  • Additional information on IRS Payment Plans (Part IX)
  • Additional information on IRS Payment Plans (Part VIII)
  • Additional information on IRS Payment Plans (Part VII)

Recent Comments

    Archives

    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022

    Categories

    • IRS Services
    • Tax Information
    • Taxpayer Bill of Rights
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    • 7300 Hudson Blvd, Suite 205
      Oakdale, MN 55128

    • (651) 209-8696

    • ruthann@rampacpa.com

    • Monday - Friday: 9:00 AM - 5:30 PM
      Evenings and Weekends by Appointment

    black-seal-250-52-ruthannmichnaypa-96049952
    • Home
    • Services
    • About Us
    • Tax Tips
    • Contact Us

    © 2023 Ruth Ann Michnay, P.A.

    GoDaddy Web Design
    Scroll To Top