If you are self-employed, you may receive or have received Letter CP256V from the IRS. This is just a reminder that if you deferred Social Security taxes in 2020, you must pay 50% by the end of 2021. You don’t have to reply to the letter; just pay what you owe by the due date in the letter. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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