What 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 […]
Read moreWhy Is Tax Planning Important?
Everyone who lives or works in the United States is responsible for paying taxes. Taxes can be a major source of stress for many individuals, but they don’t have to be. With proper tax planning, you could reduce your tax burden or earn a larger refund at the end of the year. Without these insights, […]
Read moreWho Qualifies for the IRS Fresh Start Program?
The Internal Revenue Service (IRS) offers initiatives to assist taxpayers when they owe back taxes. With a tax relief program, the IRS may lower your tax bill or make it easier for you to pay the taxes you owe. If you qualify for the IRS Fresh Start program, you may be able to avoid major […]
Read moreLate Penalty for Filing Taxes
If you missed a tax deadline, you may be wondering what the consequences are for filing your taxes late. Life happens, and sometimes, you may not be able to pay your taxes on time or gather all the necessary information before the filing deadline. Regardless of your reason for filing your taxes past the deadline, […]
Read moreHow to Remove a Tax Lien
Tax debt can pose unique challenges to taxpayers struggling to find ways to make payments. Tax liens can put more pressure and hardship on individuals by reducing their ability to secure loans or credit. When you’re struggling with a tax lien, understanding how to remove it can help reopen your financial opportunities. What Is a […]
Read moreHow to Prevent and Remove IRS Tax Liens
The Internal Revenue Service (IRS) would like everyone to pay their taxes in full and on time. That doesn’t always happen, though. When a taxpayer falls behind on payments or has a significant tax debt, the IRS can put a lien on the taxpayer’s property. Tax liens can interfere with your ability to sell a property […]
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