The Secret Cost of Ignoring IRS Notices

The Secret Cost of Ignoring IRS Notices

Opening your mailbox, you see that familiar logo—the IRS. Moreover, your stomach drops. You set the envelope aside for later. We’ve all done it. However, when it comes to notices from the IRS, waiting only makes things worse. This illustrates Cost of Ignoring IRS. At...
IRS Penalty for Non-filing & Failure to Pay

IRS Penalty for Non-filing & Failure to Pay

The Internal Revenue Service (IRS) wants taxpayers to file their tax returns on time and pay their tax bill. To incentivize taxpayers. the IRS has imposed penalties for noncompliance. Failure to File Penalty: The failure to file penalty is imposed when a taxpayer...
Four Ways Self-Employed Can Trim Their Tax Bills

Four Ways Self-Employed Can Trim Their Tax Bills

It is hard to beat the freedom and flexibility of being self-employed and gig work. When you work for yourself, you can set your own hours, turn your home into an office and even ditch the daily commute. All that is great, but there is one thing about freelancing that...