Tag Archives taxes

tax mistakes

Tax day is right around the corner, and I bet you want to make the most out of eligible tax write-offs (also commonly referred to as deductions). In case you’re confused as to what the heck a tax write-off is to begin with, it’s essentially an expense that you can deduct from your taxable income […]

analyze your taxes

Finding out that you owe taxes can be a bit unnerving, especially if you owe more than what you expected. Don’t worry — it is not the end of the world if you’ve gone through the numbers and you’re left with a tax bill. Here are a few steps to take: Get Ahead of It […]

analyze your taxes

Most entrepreneurs don’t get too excited about filing taxes. Self-employment taxes can be high and it can also be a challenge to keep all your financials organized throughout the year. The fact that you might have to pay taxes 4 times a probably won’t help your enthusiasm either. Paying taxes are inevitable though, and you’ll […]

Taxes

I hired a tax preparer the first year I earned extra income on the side. I had never seen a 1099 before, so I figured my return was better left to a professional. Unfortunately, the experience was less than desirable. He filled out all the forms and put together everything beautifully in a nice packet. […]

analyze your taxes

Tax season is creeping up and it’s the time of year that many self-employed people dread. From getting organized to going through the filing process and finding out how much you owe, you can spend quite a bit of time, money and energy filing your taxes every year. It’s no secret that you can file […]

analyze your taxes

Happy New Year! While you are working to nurse off that hangover or catch up on sleep, last year is over and it’s time to start thinking about one of two of life’s biggest guarantees: taxes. While you may not be as excited about your taxes as this money nerd, tax season is a great […]

Taxes

Aside from the actual stress of filing taxes, most people enjoy the after effects of tax season. The average person receives more than $3,000 in the form of a refund. But then there are those people – typically self-employed contractors – who end up owing the IRS money. If you’re one of the millions who […]

Whether you’re a freelancer, small business owner, or are employed by a large enterprise taxes are just a part of life. While paying a tax bill is never fun, or easy on your bank account, there is some good news. You are able to reduce your tax bill legally by taking advantage of the following […]

For some people, the words “tax audit” can instill fear, if not downright panic. It’s understandable. After all, we have all seen headlines where people’s bank accounts, personal possessions, and even homes have been seized by the IRS to satisfy tax debts after an audit. One of the most famous seizures happened in 1990. The […]

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