Help for Your Tax Problems
-
services
- January 22, 2021
FAQs: Paycheck Protection Program (PPP)
Find out what the PPP is, how to apply, the difference between the first round and second round, how & when to apply for loan forgiveness, and more.
Read More-
- December 20, 2020
Can You Go To Jail For Not Paying Taxes?
Can the IRS Arrest You? Cheating on your taxes is a crime. No doubt about that. However, only 0.002% of all taxpayers are convicted of tax crimes. Even though roughly 16% of Americans are found to be evading taxes every year, in one way or another. As for the number of convictions for tax crimes, […]
Read More-
- December 20, 2020
Filing Taxes: Is It Necessary?
Filing taxes can be burdensome, especially considering the complexity of filing a tax return. With tax laws changing almost overnight sometimes, it goes without saying that taxpayers often find themselves midst a tax storm that they do not know how to handle. Questions like ‘Do I need to file taxes if I collect Social Security?” […]
Read More-
- November 16, 2020
How Form 1099-C Affects Your Taxes
If your liability has become too overwhelming for you to repay, you could contact your lender and negotiate liability forgiveness. Unfortunately, you will probably be called to deal with a huge tax bill if the lender eventually decides to delete your liability and send you a Form 1099-C. This is because you are required by […]
Read More-
- November 7, 2020
Tax Deductions for Truck Drivers
Understanding how you and your trucking business are taxed is one of the biggest challenges for any owner-operator and truck driver. Using good planning and record-keeping all year round, though, can help you avoid any headaches in April. This guide will shed some light on truck driver taxes, deductions, and more. How Much Tax Does […]
Read More-
- November 6, 2020
A Guide to the IRS Statue of Limitations
You have probably been bombarded with tips from your tax professional to hang onto copies of your tax returns and any relevant receipts and forms after you file every single year. The question that arises is, “Just how long do you need to save these copies and receipts?”. With a statute of limitations, you can […]
Read More-
- September 22, 2020
Tax Planning for Self-Employed Individuals
Being self-employed gives you a unique opportunity to be your own boss. However, this level of freedom comes with great responsibility. For starters, you are called to take charge of your own retirement plan and, of course, pay your own FICA taxes (Social Security and Medicare). This means that you must understand and comply with […]
Read More-
- September 18, 2020
IRS Revenue Officer: Who They Are and What They Do
Dealing with an IRS Revenue Office can be a challenging and, sometimes, even nerve-racking experience, especially when one shows up at your business or house doorstep unannounced. However, most of the time, these feelings of anxiety and stress are misplaced. This guide will shed some light on the details surrounding IRS Revenue Officers, what exactly […]
Read More-
- August 21, 2020
CPA vs. Tax Attorney: Which is Right for You?
Taxes are a standard part of life, though there is no question they come with many considerations. Some of these considerations deal with which forms to choose, or to file jointly or separately. You might be asking which tax solution is right for you. Other considerations come in the form of which tax professional meets […]
Read More-
- August 17, 2020
A Streamlined Guide to Tax Returns
The tax return season usually causes headaches to many individuals, self-employed and corporations alike. Buzz words like tax returns, Form 1040, Form 1040X, Form 1120S, and Schedule A only come to confuse things some more. This comprehensive guide sheds light to key must-knows so you begin to have a clearer idea of tax preparation, tax […]
Read More