Tips
10 Things You Should Know About the 2020 Tax Extension
The COVID-19 (coronavirus) pandemic has had an unforeseeable impact on the finances of most American taxpayers. In response, the IRS has extended this year’s filing deadline from April 15, 2020 to July 15, 2020. Working Americans are still adjusting to the “new normal” of social distancing. Some employers have enabled tools allowing for remote or…
Read MoreSimple Tax Tips for 1099 Earners
1099 earners are typically considered independent contractors or self-employed. If you fall under this category, this means that you work for yourself and have to abide by certain IRS guidelines in order to stay compliant with the IRS. Being self-employed means that you have certain responsibilities; you must keep track of all expenses you’ve been…
Read MoreWhat you Should Know before Filing your Taxes
Although the tax deadline has come and gone, it is still important to keep yourself up to date on all the tax changes that have occurred so you can make the most of it when filing your return. Some of the biggest changes in our tax law happened in December of 2017 and have affected…
Read MoreWhat Can a Tax Relief Company do for Me?
Dealing with the IRS can be intimidating, especially if you’re not familiar with the current tax laws in place. Although it may seem like you’re out of options and at your wit’s end when trying to deal with the IRS, there are resources available for any taxpayer who wants to become compliant with the IRS.…
Read MoreHow to Avoid Accruing Penalties and Interest with the IRS
Owing money to the IRS can be stressful enough. Adding penalties and interest on top of it can make a bad situation even worse. You may wonder how it’s possible to accrue some of these fees in the first place, and as it turns out, there is more than one way to accumulate interest and…
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