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
Category: Alleviate Tax
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
Decoding IRS Reference Number 9001: What Does It Mean?
If you’re looking into tax relief, you’re probably in a state of panic. You’re worried that you owe money to the IRS and you’re not sure how you’re going to pay it back. Then, when you try to check your return, it gets even worse: you get an error message with IRS reference code 9001.… Continue reading Decoding IRS Reference Number 9001: What Does It Mean?
What is Tax Relief and How Does it Work? The Ultimate Guide
What is Tax Relief and How Does it Work? Do you find yourself swarmed with tax debt? You may be able to take a little of the burden off. Here is everything you need to know about tax relief. Every year in the United States, there is over $450 billion in unpaid tax debt. Over… Continue reading What is Tax Relief and How Does it Work? The Ultimate Guide