With the lingering impacts of the coronavirus pandemic, it’s essential to stay informed about financial benefits that can alleviate some of the burdens during these challenging times. The changing tax landscape requires a fresh approach to tax planning for 2023. Our updated blog post discusses three key tax planning tips to help you navigate the…
Tax season can be stressful for anyone, but it can be particularly challenging for 1099 workers and taxpayers over the age of 30 with bills, kids, and other responsibilities. Unfortunately, missing the deadline to file your 2022 tax return can have dire consequences, including IRS penalties and interest, back taxes, and back tax debt. In…
What are the Consequences of Back Tax Debt? When it comes to tax debt, procrastination can have serious consequences. Unfortunately, many people fail to take the time to do their taxes or, worse, let them lapse and end up dealing with the repercussions, which could involve legal proceedings. Understanding the risks involved in not addressing…
Tax season can be a stressful time for anyone. With all of the paperwork, deadlines, and changing regulations, it can be challenging to keep up with everything. It can be even more difficult if you are facing a complicated legal situation, such as an Internal Revenue Service (IRS) audit or a potential tax dispute. This…
When it comes to filing taxes as a 1099 contractor, it’s essential to choose the right tax professional to ensure that you get the most out of your taxes and don’t end up owing Uncle Sam more than you should. It’s always a good idea to stay on top of what you owe, whether you…
