WebIf your employee’s tax code has ‘W1’ or ‘M1’ at the end. W1 (week 1) and M1 (month 1) are emergency tax codes and appear at the end of an employee’s tax code, for example ‘577L … WebTranscripts can also be useful to taxpayers if preparing and filing tax returns by verifying estimated tax installments, Advance Child Tax Credit, Economic Income Payments/stimulus payments, and/or at excess from a prior year return. But reading your IRS transcript can be a bit crafty and the info and codes can be hard to follow.
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