1099 Workers in Focus: How to Protect Yourself from IRS Scrutiny As a 1099 worker, navigating the complexities of freelance or contract work can be both rewarding and challenging. While the flexibility of self-employment is appealing, it also comes with unique tax responsibilities that can lead to potential scrutiny from the IRS. If you’ve [...]
Navigating an IRS Audit: What to Expect and How to Prepare Facing an IRS audit can be an extremely nerve-wracking experience. The questions, concerns, and overwhelming “what-if” thoughts can easily take over. However, understanding the actual audit process and knowing how to prepare can help alleviate much of the stress associated with it. Rest assured, [...]
7 Reasons Taxpayers Get An IRS Audit Facing an IRS audit is a daunting experience. The idea of having your financial records scrutinized by the most feared collection agency, the IRS, can shake anyone to their core. The cost in both time and money can seem never-ending. Understanding the top reasons taxpayers get audited by [...]
Gig Workers and the IRS: How On Demand Workers Can Reduce Their IRS Audit Risk As the economic landscape evolves with the recession, there's a noticeable move from traditional jobs to self-employment, including gig work and freelancing. The IRS is keenly observing this trend, and their scrutiny is especially directed at new small business owners. [...]
Are you considering filing for bankruptcy, but have recently been selected for a federal audit? You may be wondering if this is relevant to your case. It is. And, you will need to disclose this information to your attorney, whether the audit has been completed or is still pending. But, what if you are just [...]
Did you know that the U.S. Treasury has no plans to delay the 2022 tax deadline? In fact, the deadline to file your 2021 taxes approaching on April 18, 2022. Are you ready? Maybe, you are worried about paying your tax bill in full. Here is what you need to know: File On Time! If [...]
Are you considering filing for bankruptcy, but have been selected for a federal audit? You may not know if this is relevant to your case. It is. And, you will need to disclose this information to your attorney, whether the audit has been completed or is still pending. How to Prepare for Your Audit: Get [...]
Do you owe the IRS money? Are you unsure what to do? If so, you may be wondering how filing for bankruptcy can help. Your first step should be to make an appointment with a qualified bankruptcy attorney to hear about how bankruptcy can help your situation. Chapter 13 A Chapter 13 will enable you [...]
Ultimately, only you will be able to make the decision if you need the help of a professional bankruptcy attorney. But, we have put together some information that will help you through that decision-making process. First, if you are struggling with debt or collection agencies, you may be overwhelmed and unsure what to do. You […]
Being selected for an IRS tax audit is scary. This does not mean you intentionally did something wrong on your taxes. The IRS conducts randomly selected audits. However, it is likely that the IRS believes your tax return contains errors. There are several steps to take to prepare for an IRS tax audit: Get Organized: Well, […]
