By 2020, about one-third of American workers will be self-employed. A whopping 97% of these workers prefer self-employment over traditional W-2 positions. But for all the perks of nontraditional careers, there’s one problem. It’s a tax nightmare. If you’re one of the millions of workers taking up self-employment this year, you may not know where to start.… Continue reading Estimated Tax Payments: How to Determine What to Pay and When
Month: November 2019
Tax Lien Help: How Can You Remove a Tax Lien?
Congress passed the 16th Amendment in 1909. The Amendment gave the federal government permission to tax individual personal incomes, regardless of their corresponding state’s population. By 1913, Americans were required to pay federal income taxes. Today, you can go to jail for failing to pay. And even though it’s against the law to leave your… Continue reading Tax Lien Help: How Can You Remove a Tax Lien?
IRS Payment Plan: Pros and Cons of IRS Payment Plans
When April rolls around, there’s a smell in the air: it’s fear. Your taxes are due, and if you’re like 60 percent of millennials, you don’t have the cash for your tax bill. There’s nothing worse than a tax surprise that you’re not prepared for. However, all is not lost. You don’t go from zero… Continue reading IRS Payment Plan: Pros and Cons of IRS Payment Plans