irs issues: Made a Mistake on Your Tax Return? Here’s What to Do. - 04/27/22 11:33 AM
 Tax returns can be complicated and tricky to understand. Even for a professional, it can be surprisingly difficult to get every number and detail right.
Often, you only notice the mistakes when you take a casual look at your return days after you submit it online or drop it in the mailbox. Or worse, the IRS sends you a letter telling you something is off.
So, is there anything that you can do after your return is in?
Actually, there's a lot that you can do. But if you don’t know where to start, it’s best to leave it to a professional. Our … (1 comments)

irs issues: Four Ways Freelancers and Gig Workers Can Trim Their Tax Bills - 12/23/21 11:04 AM
It is hard to beat the freedom and flexibility of freelancing and gig work. When you work for yourself, you can set your own hours, turn your home into an office and even ditch the daily commute. As a small business owner, I understand the desire to be your own boss.
All that is great, but there is one thing about freelancing that is much less pleasant. Compared to their corporate counterparts, self-employed individuals face an additional tax burden, an expense that takes many of them by surprise.
Note: If you end up falling behind on your taxes and the IRS or state … (1 comments)

irs issues: Do You Owe Back Taxes? Take These Steps to Protect Yourself and Your Finances - 08/04/21 07:56 AM
Few things are as frightening as opening the mailbox and finding a letter from the IRS, especially when you know you owe them money. The much feared tax agency does not contact taxpayers just to say hello; receiving communication from them is not likely to be good news.   When your heart stops pounding and you get the courage to open the letter, you get another shock - in the form of a large amount due, one you cannot possibly afford. So what do you do, and how do you react?   The steps you take next could make all the … (1 comments)

irs issues: How to Turn Your Side Hustle into a Massive Tax Deduction - 07/12/21 09:48 AM
If you took on a side hustle last year to make ends meet and earn some extra cash, you may have found a surprise when you filed your taxes. If you did not prepare carefully, you probably ended up with a big tax bill for your troubles, possibly with penalties and interest added on.
 
Given the unpleasant surprises of the past, you may be resigned to a life of higher taxes, all courtesy of the very side hustle you thought would help you gain financial freedom. But before you put away your driving gloves and give up on ride sharing and grocery … (2 comments)