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Guilty of Procrastination We all are guilty of it. Knowing we should be on top of things that have deadlines yet we wait until the last possible moment to do what we had weeks or months before the deadline to do. And in some cases, the deadline will pass, then all anxiety sets in. You…
Self Employment Tax Reporting Self employment tax reporting is an add on tax liability on page 2 of you tax form 1040. Some first time self employed individuals do not understand why is it that they must pay this tax. Income Reporting A self employed individual is an unincorporated business, (ex. sole proprietor, independent contractor,…
Taxpayer Rights! As a U.S. taxpayer you have rights, and you need to know what your rights entitle you to. The IRS is highlighting your rights in Publication 1 “Your Rights as a Taxpayer”. Millions of taxpayers will be receiving Publication 1 when they receive their IRS notices on issues ranging from tax audits to tax…
