Month: July 2023

When taxpayers have an outstanding tax debt to the Internal Revenue Service (IRS), an offer in compromise (OIC) is often the first thought. After all, if your request for an OIC is accepted, you can settle your debt for less than you actually owe and get a fresh start...

As a freelancer, you're considered self-employed. This status means you're responsible for your own income taxes. Unlike traditional employment, freelancers are required to pay estimated taxes quarterly to the IRS and to state tax agencies. Having an understanding of...

When the tax man calls, all American citizens must answer. Unfortunately, meeting your tax obligations is no simple matter, and even more complicated if you own a business. Most entrepreneurs dread tax time, less because of their possible financial obligations as the...

Filing taxes is a responsibility that individuals must fulfill each year. However, life can sometimes get in the way, and you may find yourself in a situation where you haven’t filed your taxes for several years.  This can be overwhelming and stressful, but promptly...