If you've recently landed a gig driving for Uber, walking dogs for Rover, shopping for Instacart, or doing odd jobs on TaskRabbit, you need to be aware that this extra 1099 income may generate a tax bill. Similarly, if you work as a freelancer, ranch hand, doctor, dentist, veterinarian, lawyer, accountant, hairdresser, ... Read More
How To
IRS Tax Audit – Guidelines, Procedure, Flags and More
IRS Audits can be grueling. You must provide accurate receipts, statements, invoices, books, and records. Your best bet may be to seek professional help, but here is a guide for those who want to handle an IRS Audit on there own. With most audits, get a professional’s help because the outcome typically far outweighs the ... Read More
Miss the October 15th Filing Deadline? How to File After the Deadline
If you requested an extension to the April 15 deadline (4/17 in 2012 & 4/18 in 2011), you have until October 15 to file your return. While not ideal, some people miss the second deadline and find themselves in a compromising position. With this in mind, you should still remember that filing after October 15 (10/17 in 2011) ... Read More
How to Reduce Taxes Owed to the IRS
When you owe money to the IRS they are going to come after it soon enough. Instead of waiting for the collection process to start, you are much better off getting ahead of the game and straightening everything out on your own. The IRS offers various alternatives to reduce taxes owed if the amount cannot be paid in full. The ... Read More
Delinquent Taxes & Federal Returns – Definition and How To Resolve
Delinquent Taxes - How To Resolve Federal / IRS Income Tax Resolving delinquent taxes is not impossible. Just because April 15th has come and gone without filing your return does not mean that you are out of luck and in trouble with the IRS. Knowing how to resolve delinquent taxes is something that will help you handle this ... Read More
