You're doing your taxes, and suddenly, you find that you owe IRS back taxes. Don't panic; everyone's been in this situation before. Whether it's negligence or you just didn't have enough money to pay your taxes, having unpaid dues is always a bad thing. Thankfully, there are ways to pay them as soon as possible, as well as prevent it from happening again. Here's all you need to … [Read more...]
Internal Revenue Services | Frequently Asked Questions
Is the United States Internal Revenue Services a bureau you don't know much about? It's time to change that. This bureau is an important entity when it comes to your taxes, which is why it is important to be more aware of the bureau's responsibility as well as what it does for the country and its taxpayers. So today, let's take a look at the frequently asked questions about the … [Read more...]
Can I Claim The Home Office Tax Deduction For My Business?
Running your own business can be expensive, but doing it from your home is convenient and can save you money. Finding tax deductions that lower your tax bill each year, like the home office tax deduction, is always helpful. If you qualify for the work from home tax deduction, you may cut your costs to run your business and pay for your home. Home Office Tax Deduction | … [Read more...]
How To Calculate Your Estimated Tax Penalty
If you are an independent contractor, it's always best to be prepared and know how to calculate your estimated tax penalty. You may opt to overpay, but that won't be necessary if you have an estimated tax payment amount. After all, the money you'll be paying for fines may be better used for something else like an investment. Learn more about how to calculate an estimated tax … [Read more...]
TurboTax Help | How To Use TurboTax To File Your Taxes
TurboTax is a good choice for anyone who just wants to answer questions and enter numbers. That’s all it takes to get this program to figure out how much you owe in taxes and then file the paperwork. The Internal Revenue Service (IRS) says filing your taxes online also means you get a faster tax refund. April 17th is just around the corner, so why wait? Use the computer and get … [Read more...]
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