Glossary

Form 8928 – Return of Excise Taxes Under Chapter 43 of the Internal Revenue Code

What is Form 8928 - Return of Excise Taxes Under Chapter 43 of the Internal Revenue Code?

Form 8928, “Return of Excise Taxes Under Chapter 43 of the Internal Revenue Code,” is an IRS form used to report and pay excise taxes on specific retirement plan issues. These excise taxes are penalties for failing to meet certain requirements under Chapter 43 of the Internal Revenue Code, which primarily focuses on plan funding, participation, and prohibited transactions.

  1. Glossary Article

Recommended for You

Healthcare Data Security Credit

The Healthcare Data Security Credit is a tax incentive aimed at promoting the adoption of secure data practices within the healthcare industry to protect sensitive patient information.

Tax Lien Contestation Procedures

Tax Lien Contestation Procedures are essential for disputing tax liens, ensuring lawful compliance, and maintaining financial stability through structured dispute methods.

CP31 Notice: Refund Check Returned

A CP31 notice from the IRS means your tax refund check was returned, typically due to an incorrect or outdated address. It's important to understand why and take prompt action to get your refund.

Tax Sale Eviction Process

The Tax Sale Eviction Process is a legal procedure initiated when property taxes remain unpaid, leading to the sale of a property and eventual eviction of occupants.

IRS Form 433-F: Collection Information Statement

IRS Form 433-F, also known as the Collection Information Statement, is a form used by the IRS to gather details about your financial situation if you owe back taxes. It helps them determine your ability to pay and explore possible payment options.

CP503E Reminder

The CP503E Reminder is an IRS notice informing taxpayers of overdue tax amounts. Prompt action is required to avoid penalties and ensure compliance.

Startup Filing Fees Deduction

The Startup Filing Fees Deduction allows new businesses to deduct certain initial startup costs, easing the financial burden during their formative phase. Understanding this deduction can greatly benefit entrepreneurs as they establish their ventures.