1-800-548-4639I Underpaid on My Taxes: What Do I Do?
Whether you’re self-employed, a freelancer or a salaried employee, you must pay taxes on your income. When you can’t or don’t pay your taxes, you risk receiving a tax underpayment penalty from the IRS. So, what is an underpayment penalty, and what are your options when you receive one? This guide explores everything you need […]
Read more5 Reasons You May Need Professional Income Tax Services
Handling tax problems can be frustrating. That’s why it’s vital to get professional assistance. Tax preparers have experience to help file your taxes and implement strategies to lower your tax liability. Additionally, they can help you negotiate and find practical solutions for your back taxes, which, if improperly handled, can accumulate penalties and interests. However, […]
Read moreTax Prep Checklist: Everything You Need and Need to Know
Like many others, you might dread tax season. Completing your taxes can be complex and take hours out of your day, especially when you don’t know where or how to begin. Fortunately, like any larger-than-life task, the more you prepare, the easier it’ll be to overcome. Looking for a checklist for taxes to make the […]
Read moreWhat Is a Wage Garnishment? Effects, Laws and How to Beat It
If you’ve received a wage garnishment order and are wondering what to do, you’ve come to the right place. In terms of taxes, wage garnishment allows the IRS to take money directly from your hard-earned salary to pay tax debts, which can leave you financially stranded for years. While the agency can proceed against your […]
Read moreWhat’s the Difference Between Federal and State Taxes?
While all taxes are mandatory payments that fund various government services, the taxes you pay at the federal and state levels vary in several ways, and the processes for preparing and filing them also differ. In this guide, we’ll detail all these distinctions and provide valuable tips for reducing your federal and state tax liabilities. Federal […]
Read moreWhat Is an IRS Estimated Tax Payment?
If you’re a freelancer, self-employed or own a business, you may be responsible for making estimated tax payments to the Internal Revenue Service (IRS) throughout the year. These payments are used to cover your federal income tax liability and are typically made quarterly. However, many people are unfamiliar with the concept of estimated tax payments […]
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