How to Qualify for the US Tax Debt Compromise Program and Settle Your DebtAre you struggling with mounting tax debt? If so, you’re not alone. Millions of Americans find themselves in similar situations. Struggling to pay off their tax bills and keep up with daily expenses. Fortunately, the IRS offers a solution through its Tax […]
File Back Taxes
Why Filing Back Taxes is Important and How to Do It RightFor starters, filing your taxes can be a daunting task, especially if you have missed filing for previous years. The thought of dealing with the IRS and facing penalties can be overwhelming for many people. However, filing back taxes is crucial and can save […]
IRS Fresh Start Program
The IRS Fresh Start Program was created to assist struggling taxpayers with tax obligations. For that reason,the program, which began in 2011, offers a variety of activities targeted at assisting individuals in resolving tax obligations. Subsequently, avoiding fines, and regaining financial stability. Overview of the ProgramThe IRS Fresh Start Program encompasses several provisions tailored to […]
5 Common (and Costly) Payroll Errors and How to Avoid Making Them
Payroll is one of the most important aspects of any business. But it’s one that, when running smoothly, business owners don’t tend to think about. However, when there’s a payroll errors, it jumps to the forefront of an owner’s mind. Here are several payroll mistakes that can cost you a bundle and how to avoid […]
14 Unusual Tax Deductions That the IRS Allows
Learning what unusual tax deductions could be legitimate, would surprise you.If you’re itemizing for tax year 2022, you’re probably trying to claim as many acceptable deductions as you can. Why would you not? Some of them are pretty conventional. Mortgage interest. Medical expenses. Home office. Charitable contributions. It may be, though, that you’re eligible to […]
Independent Contractor or Employee? The Differences
Employee or independent contractor, what’s the difference ? The distinction may be challenging to make sometimes, but the IRS has very strict rules about it. Depending on the size of your business Onboarding a new hire can involve a lot of reading and writing for both of you. You may want the new worker to […]