If you are an employee, you get a paycheck every pay period and most likely pay little attention to your taxes until the end of the year. Your employer does a lot of the work for you, and you get a W2 in January like clockwork. However, if you are a freelancer or are self-employed, […]
Read MoreNo one wants to pay more income tax than they are required to, but you should be careful if you do your own taxes. Attempting to cut your tax liability by getting into IRS gray areas can cause you problems later on. You don’t have to do anything unethical to get your return pulled for […]
Read MoreUntil recently, cryptocurrency investors have mostly flown under the radar as far as taxes are concerned. Now those days are coming to an end, and many holders of virtual currency are scrambling to understand what they owe and how their investments may impact their finances. The IRS has already requested the identities of those who […]
Read MoreIf you don’t have enough money to pay what you owe the IRS, you have a few options to work with. Whatever you do, don’t ignore the letters from the IRS, and don’t let your back tax problem go unaddressed—the IRS has a great deal of power when it comes to recovering money they think […]
Read MoreAre you feeling buried in tax bills? Are your tax liabilities draining funds faster than you can earn them? If you’re struggling to pay your tax bills, you might benefit from an Offer in Compromise (OIC). Following is a quick guide to the program. Your tax preparer in Jamestown, ND can partner with you to […]
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