Tax Deadline For Truckers Approaching Quickly. What To Do If You Haven't Filed Yet
Courtesy of the Internal Revenue Service, the IRS is reminding those who have registered, or are required to register, large trucks and...
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- Aug 15, 2022
What Penalties Will I Receive If I File My Taxes Late?
The IRS can charge on two separate occasions: one for not filing a return and the other for not paying what you owe. There's no possible...
- Aug 12, 2022
Here Are 3 Ways To Estimate Your Taxes
If you haven’t filed your taxes yet, it’s time to decide whether or not to apply for an extension, and part of that application is...
- Jul 18, 2022
The Complete Guide: Filing Taxes As An Independent Contractor (1099 Worker)
For tax purposes, the IRS treats independent contractors as self-employed individuals. That means you’re subject to a different set of...
- Jul 15, 2022
How Long Should You Worry About Unfiled Tax Returns?
The IRS has an unlimited amount of time to access unfiled tax returns. Technically speaking, taxpayers should keep their tax records for...
- Jul 14, 2022
I Have Unfiled Tax Returns. What Do I Need To Do Next?
Some of the worst tax penalties that the IRS and states impose are related to unfiled tax returns with an outstanding balance. Failure to...
- Jul 13, 2022
Your Road To Tax Debt Relief: IRS Installment Agreements
So, you've got the news that every taxpayer hates to hear: You owe the government money! Thankfully, the IRS permits eligible taxpayers...
- Jul 12, 2022
Top Practices For Filing Tax Returns In 2022
We are currently in the middle of the 2022 tax return filing season, and we get frequently asked for filing advice. Best practices for...
- Jul 11, 2022
Tax Relief Programs: How IRS Fresh Start Initiative Helps Relieve Tax Liabilities
Owing money to the IRS or state could be quite a daunting aspect, especially when terms like liens, levies, and wage garnishments are...
- Jul 8, 2022
IRS Increases Business Travel Mileage Rates On July 1st, 2022
The IRS announced on June 9, 2022, that it would raise the standard mileage rate for business mileage for the final six months of 2022...
- Jul 7, 2022
What Tax Advantages Should I Know About Before Buying Or Leasing A Car?
As a business owner, you probably have to consider the decision of leasing or buying a car more than an ordinary person aiming to buy or...
- Jul 6, 2022
Top 5 Tax Breaks Self-Employed Taxpayers Should Know About
When you’re self-employed, you’re the boss. But because you're the boss, that also means you’re the one stuck with the big tax bill. When...
- Jul 5, 2022
Self-Employed Contributions Act (SECA) Tax
Self-employed people are responsible for paying the Self-Employed Contributions Act (SECA) tax. They contribute to the cost of Social...
- Jul 1, 2022
Here Are The Differences Between Marginal vs. Effective Tax Rates
Taxpayers can determine their IRS debt depending on their annual income and tax bracket by using marginal and effective tax rates. The...
- Jun 30, 2022
Natural Disasters Tax Relief
Tax deadlines are stressful enough, even under the ideal circumstances. Tax payment and filing deadlines can add stress to a situation...
- Jun 29, 2022
Tax Planning For Parents Of College Students
It can be difficult to file taxes on your own as a student, especially with all the intricate forms and technicalities. Along with all of...
- Jun 28, 2022
Is Head Of Household The Right Filing Status For You?
Standard deductions, qualifications, and tax brackets differ depending on whether you file as a single person or as the head of...
- Jun 27, 2022
Net Investment Income Tax (NIIT): The Basics
Before taxes, investment assets such as bonds, equities, mutual funds, loans, and other investments generate income known as net...
- Jun 24, 2022
What Is A Consumption Tax?
A consumption tax is a tax on the purchase of a good or service. A consumption tax is charged when consumers spend money, while an income...
- Jun 23, 2022
Key Differences: W-2 vs. 1099 vs. W-4
The main difference between W-2 and 1099 workers is that a W-2 is a payroll employee and 1099 is a non-payroll worker. The names “W-2...
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