6 Things to Know About Self-Employment Tax
Calculating this expense in advance can your ease tax load.
John Boitnott
10 minute read
taxes
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What should small businesses keep in mind as we approach tax season?
Tax season is fast approaching, and small businesses have unique challenges when it comes to managing and paying that tax bill. Learn more from our experts.
Steve Horton
8 minute read
7 Steps for Freelancers to Plan Out Tax Payments
Here’s why paying taxes sooner than later actually pays off.
John Boitnott
6 minute read
How to File Taxes as a Freelancer or Gig Worker
Make smart money moves to minimize your tax burden.
John Boitnott
5 minute read
7 Smart Ways to Use Your Tax Refund
From covering healthcare costs to paying off debt, there are wiser ways to spend your tax refund than vacations and luxury buys.
Deb Hipp
8 minute read
8 Things That Can Delay Your Income Tax Refund
Don’t let these 8 factors hold up your federal tax refund.
Deb Hipp
4 minute read
Watch for These 6 Signs of Tax-Related Identity Theft
Here’s how to spot possible tax identity theft and prevent tax fraud in your name.
Deb Hipp
8 minute read
4 Situations Where the Government Can Seize Your Tax Refund
When you owe money to a government agency, your tax refund may become just one more payment.
Deb Hipp
5 minute read
6 Tips for Choosing a Tax Preparer
Here’s why not just any tax preparer will do and how to choose the right professional for you.
Deb Hipp
6 minute read
8 Major Life Events That Will Affect Your Tax Burden
When your life changes, so do your taxes.
John Boitnott
6 minute read
9 Best Tax Software Solutions for You
Here’s why not just any tax preparer will do and how to choose the right professional for you.
John Boitnott
7 minute read
5 Things to Help You Prepare for a Tax Audit
Being ready for this unpleasant event can alleviate some of the pain, time, and cost.
John Boitnott
9 minute read
5 Deductions Small Business Owners Don’t Take Advantage Of
Lower your tax burden and free up cash to grow your business.
John Boitnott
4 minute read
6 New Changes for Filing 2019 Federal Income Taxes
There was no sweeping tax reform in 2019, but you’ll still notice some important changes when you file.
Deb Hipp
3 minute read
Your Guide to Claiming a Legit Home Office Tax Deduction
Does your side gig, freelance work, or small business qualify you to claim the money-saving home office tax deduction? Find out how to save money this tax season.
Laura Adams, Quick and Dirty Tips
3 minute read
7 Strategies to Reduce Your Tax Burden
No one wants to fork over their hard-earned money to Uncle Sam. Follow these tax strategies to keep more of what you made in 2019.
John Boitnott
4 minute read
2020 Tax Season Update: New Year, New Tax Laws
Updates to the tax season aren’t as major as last year’s. But some may help you pocket a little extra money.
Joe Pye
7 minute read
Do I Have to Pay Taxes on Freelance Work?
Freelance taxes and side gig taxes are complicated with so many forms to track and receipts to record. This guide helps you navigate tax season.
Debt.com
4 minute read
How Do I Know If I Owe the IRS?
Even a simple matter like figuring out how much you owe can be complicated when it comes to the IRS. Learn three ways to determine if (and how much) you owe the IRS, with helpful tips on what you can do once you know your real balance.
Debt.com
10 minute read
7 Answers to Frequently Asked Income Tax Questions
Money Girl answers 7 common questions about paying income tax that will help you comply with the law, minimize what you owe, understand tax deductions and credits, pay household workers or nannies properly, and avoid trouble if you can’t pay Uncle Sam on time.
Laura Adams, Quick and Dirty Tips
9 minute read
Tax Filing Tips and Warnings You Should Know About
With the 2020 tax season well underway, here are some ways to avoid tax fraud and get your returns early – among other benefits.
Joe Pye
7 minute read
Where’s My Tax Refund?
It’s that time of year again! Federal income tax season officially opens on January 27, 2020. That’s the first day that taxpayers can file their taxes in hopes of getting their refund as early as possible. Millions of Americans rely on their annual tax refund to pay off debt, make key purchases and, unfortunately, just […]
Debt.com
7 minute read
IRS Fresh Start
If you are struggling with tax debt and feel like it’s an endless journey, your situation may not be as dire as you think. The IRS Fresh Start initiative was created to make it easier and more accessible for people to repay or settle their tax debt. Taxes often seem overwhelming and over-complicated, like a […]
Desiree Sprague
4 minute read
When Do You Need a Tax Attorney?
Circumstances where you might need a tax attorney.
Wade Schlosser
7 minute read
Borrow From the IRS to Pay Your Tax Bill
Sounds weird, but interest rates are cheaper than other borrowing options – or a fee for filing late.
Brian O'Connor
7 minute read
Where To Get FREE Tax Advice
At a time when your life is about to be reduced to every nickel and dime made and spent in a year, it might relieve you to know that free tax advice is out there…
Debt.com
4 minute read
Why You Should Care About Tax Identity Theft Awareness Week
What happens when you combine identity theft with taxes? Double the trouble and twice the pain.
Don Markland
8 minute read
IRS Innocent Spouse Relief
When it comes to back taxes, the IRS doesn’t let an unpaid debt go easily. In truth, there are very few ways to qualify for tax debt forgiveness – even partial forgiveness. That makes Innocent Spouse relief unique, because it’s one of the few ways you can qualify for full tax forgiveness. What is Innocent […]
Debt.com
9 minute read
Back Taxes: End Your Challenges with Unpaid Tax Debt
What are back taxes? Back taxes are any taxes that you owe that remain unpaid after the year that they are due. Basically, if you let an entire filing year go by without paying the IRS what you owe, it’s considered “back taxes.” It’s important to note that even taxes you don’t pay within a […]
Debt.com
5 minute read
When Your State Has A Sales Tax Holiday In 2016
Find out when your state has a back-to-school sales tax holiday this year!
Brandon Ballenger
10 minute read
Tax Debt Consolidation
When you want to consolidate unpaid tax debt from multiple years into a single repayment plan, you typically use an installment agreement (IA). We explain how this differs from credit card and student loan consolidation and how it works.
Debt.com
10 minute read
Does Bankruptcy Clear Tax Debt?
Both IRS and state tax debt can be discharged during bankruptcy, but the amount you end up paying depends on your financial situation and the chapter you file.
Debt.com
10 minute read
Can Debt Collectors Garnish My Wages?
When you owe money to a debt collector, there’s a chance they can sue you and get a court order for garnishment that could affect your accounts.
Debt.com
9 minute read
The Realist’s Guide to IRS Tax Debt Forgiveness
While total tax debt forgiveness is a bit of a myth, there ARE relief options you can use to reduce or eliminate your liability on unpaid tax debt.
Debt.com
9 minute read
If My Spouse Owes Back Taxes Am I Liable?
If you’re married filing jointly and your spouse doesn’t pay the IRS, then you could find yourself on the hook for that tax debt unless you take these steps.
Debt.com
6 minute read
The Facts on Your Federal Tax Lien
Avoid the placement of a tax lien by seeking resolution.
Debt.com
7 minute read
Your Guide to an IRS Tax Audit
It may seem scary, but this guide can calmly take you through the process of dealing with an audit.
Debt.com
10 minute read
How Does the IRS Find Out about Unreported Income?
Even if you don’t file a tax return, the IRS can still find you from data they collect from third-party bank and credit info.
Debt.com
7 minute read
IRS Penalties and Interest: Reduce Your Tax Bill with Penalty Abatement
Learn how IRS penalties and interest work and how you can use penalty abatement to reduce the total tax debt you owe, so it’s easier to pay off back taxes.
Debt.com
6 minute read
IRS Bank Levies: Tapping Your Accounts
Levies allow the IRS to take money directly out of your bank accounts to cover unpaid tax debt. Learn how to protect your cash flow from levies.
Debt.com
10 minute read
Commons Tax Questions about Filing and IRS Back Taxes
This page provides answers to the most common tax questions we receive. All answers are provided by Debt.com’s resident tax expert, Jacob Dayan. If you still have questions, head over to our Ask the Expert section to get the answer you need. Please note: If you’re having trouble with your taxes, almost every situation is […]
Debt.com
6 minute read
Finding the Best Tax Debt Relief Solution
We help you explore different options available for tax debt relief so you can find the right solution for your unique financial situation.
Debt.com
9 minute read
Offer in Compromise: IRS Debt Settlement
If you can’t pay back tax debt due to financial hardship, an Offer in Compromise (OIC) allows you to reduce debt in a way that won’t hurt your outlook.
Debt.com
8 minute read
Understanding the IRS Collections Process
If you’re facing collections from the IRS, we’ll explain how the process works so you can either avoid collection or find a way to handle it smartly.
Debt.com
3 minute read
Qualifying for Currently Not Collectible (CNC)
If you’re struggling to cover basic living expenses, qualifying for CNC status can help you avoid being hounded by the IRS to collect unpaid tax debt.
Debt.com
9 minute read
IRS Installment Agreement: Setting Up a Tax Payment Plan
You can pay off your tax debt with monthly payments, like most other bills. You may even be able to pay less than you owe with an installment agreement.
Debt.com
5 minute read
What is a Tax Extension?
You might need more time to pay your taxes, but make no mistake: Even an extension probably won’t protect you from paying more.
Debt.com
6 minute read
What If I Can’t Pay My Taxes? Should I File Anyway?
The deadline for your 2019 filing is right around the corner. Here’s why you need to file even if you can foot the bill to the IRS.
Debt.com
10 minute read
What Happens If I Did Not Withhold Enough Taxes?
Whether you owe the IRS or you got a huge refund, you may have a problem with your tax withholding. Get it right by changing how much you withhold.
Debt.com
9 minute read