What Is an IRS Cycle Code?

What Is an IRS Cycle Code?

IRS, Taxes

The IRS cycle code is an eight-digit number that you can find on your online tax transcript once your return has been posted to the IRS Master File. If you see a cycle code along with transaction code 150, you’ll know that your tax return is being processed.

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How Do Tax Brackets Work?

How Do Tax Brackets Work?

Small Business Tips, Taxes

In the United States, we have a progressive tax system based on tax brackets. How these tax brackets work is something that is commonly misunderstood. In today’s article, I will explain how tax brackets affect you so you’ll have the…

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