US Internal Revenue Service Business and Specialty Tax Line Customer FAQ

Top Answers & How-to Guides

What is US Internal Revenue Service Business and Specialty Tax Line's Phone Number?

The question we are asked most often is about how to talk to US Internal Revenue Service Business and Specialty Tax Line customer service. Click here for contact information, email and chat options, getting a live person, wait times and more.

What are the penalties for late payment or non-compliance with business tax obligations?

The penalties for late payment or non-compliance with business tax obligations vary depending on the circumstances. If you fail to The failure-to-file penalty is assessed at 5% of the unpaid tax for each month or part of a month that the return is late, up to a maximum of 25% of the unpaid tax. The failure-to-pay penalty is 0.5% of the unpaid tax amount per month, up to a maximum of 25% as well. Additionally, interest accrues on any unpaid taxes from the original due date until the date of payment. The interest rate is determined quarterly and is based on the federal short-term rate, plus 3%. It's important to note that these penalties and interest can add up quickly, so it is strongly recommended to file and pay your business taxes on time to avoid unnecessary financial burden....
Ask any question you have about US Internal Revenue Service Business and Specialty Tax Line customer service, get an answer now.

Recent US Internal Revenue Service Business and Specialty Tax Line Customer Questions

How can I get in touch with someone in the irs about why my refund is still being processed a year later ?

There is a link to the most up-to-date contact information right here on this page that you are viewing.
Asked Dec 16, 2024 1:00 PM

I've received a Form CAP504B and I dispute the claim that I owe money'

If you received Form CAP504B notifying you of unpaid tax debt and you dispute the claim, you have the right to challenge it. It's crucial to promptly respond. You should provide a written statement detailing your disagreement accompanied by supporting documentation. If the IRS made an error, include proof of payment or error correction. Disputing claims should be done very carefully because if you don't succeed, the IRS can proceed with collection efforts. Remember to make copies for your records of everything you send and note who you speak with regarding your dispute. We recommend consulting with a tax professional to assist with disputing your claim.
Asked Mar 11, 2024 9:31 PM

how to update the filing entity type for irs tax e file

If you need to update the filing entity type, you will need to file the appropriate IRS form. For example, if you mistakenly filed as a sole proprietorship but are actually a corporation, you will need to file an amended tax return with the necessary form for corporations, such as Form 1120 for a C Corporation. If your business entity type changes for the upcoming fiscal year, e.g., from a sole proprietorship to LLC, you need to clearly indicate this change when filing your taxes for the upcoming fiscal year. Always consult with a tax professional for legal advice related to your specific situation.
Asked Mar 4, 2024 5:44 PM

Help me with my US Internal Revenue Service Business and Specialty Tax Line customer service issue

Services provided

What is the Business and Specialty Tax Line?

The Business and Specialty Tax Line is a dedicated telephone service provided by the US Internal Revenue Service (IRS) specifically...

Can the Business and Specialty Tax Line help me with my tax filing?

Yes, the Business and Specialty Tax Line can assist you with your tax filing. Their dedicated team of specialists provides support...

Can the Business and Specialty Tax Line assist with tax-related inquiries for specific industries, such as breweries or medical practices?

Yes, the Business and Specialty Tax Line can assist with tax-related inquiries for specific industries. Whether you're in the brewery...

Hours of operation

What are the hours of operation for the Business and Specialty Tax Line?

The Business and Specialty Tax Line operated by the US Internal Revenue Service (IRS) has specific hours of operation. The line is...

Tax types handled

What types of taxes does the Business and Specialty Tax Line handle?

The Business and Specialty Tax Line of the US Internal Revenue Service handles a variety of taxes related to businesses and specialized...

Form 1099-MISC requirements

What are the requirements for filing Form 1099-MISC for my business?

Businesses are generally required to file Form 1099-MISC if they have made certain payments in the course of their trade or business....

Penalties for non-compliance

What are the penalties for late payment or non-compliance with business tax obligations?

The penalties for late payment or non-compliance with business tax obligations vary depending on the circumstances. If you fail to The failure-to-file penalty is assessed at 5% of the unpaid tax for each month or part of a month that the return is late, up to a maximum of 25% of the unpaid tax. The failure-to-pay penalty is 0.5% of the unpaid tax amount per month, up to a maximum of 25% as well. Additionally, interest accrues on any unpaid taxes from the original due date until the date of payment. The interest rate is determined quarterly and is based on the federal short-term rate, plus 3%. It's important to note that these penalties and interest can add up quickly, so it is strongly recommended to file and pay your business taxes on time to avoid unnecessary financial burden....
We look to the US Internal Revenue Service Business and Specialty Tax Line issues that customers have reported to GetHuman to decide which questions are the most common and how much time to spend researching how to solve them.
US Internal Revenue Service Business and Specialty Tax Line issues reported to GetHuman
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