Should you pay quarterly estimated taxes or wait until tax filing time? If you’re self-employed or earn income without tax withholding, understanding when and how to make IRS tax payments can mean the difference between manageable obligations and overwhelming...
If you operate an S-Corporation, understanding Form 1120S is essential for properly reporting your business income, deductions, and pass-through items to shareholders while maintaining IRS compliance. Form 1120S serves as the annual tax return for S-Corporations, a...
Substitute for Return (SFR) is a tax return the IRS prepares on your behalf when you fail to file, and it almost always results in a significantly inflated tax bill because the agency reports only your income without accounting for deductions, exemptions, dependents,...
IRS debt forgiveness isn’t a myth it’s a legitimate tax relief option that can save qualifying taxpayers substantial amounts through programs like the Offer in Compromise (OIC) and penalty abatement, but understanding who qualifies, how the process works,...
Tax Debt Tax debt is becoming a severe problem for the IRS. In the IRS’s lasted published estimation, they believe that the difference between what is owed by taxpayers and what is collected by the IRS is greater than $450 billion dollars. As the amount of... 
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