- How Can I Prove Financial Hardship to the IRS If I Can't Pay My Taxes?
- Unable to pay your tax bill? Don’t panic. Here are the steps you need to take as well as "soft" and "hard" options for declaring your taxes uncollectible.
- Repairing Your Business’s Bad Credit Score
- Your business credit score is the main way third parties can measure your company’s financial health. Here’s how to keep a solid handle on it.
- Understanding Your Annual Social Security Letter
- If you are receiving Social Security, then you have just recently received your annual letter from the Social Security Administration letting you know that your Social Security benefits for 2020 have increased by 1.6 percent as a result of a rise in the cost of living. The letter also lets you know how much will be withheld from your monthly retirement benefit for Medicare Parts B (medical insurance) and D (Prescription Drug Plan).
- The 1099-MISC Filing Date Is Just Around the Corner – Are You Ready?
- If your business engages the services of an individual (independent contractor), other than one who meets the definition of an employee, and you pay him or her $600 or more for the calendar year, then you are required to issue that person a Form 1099-MISC to avoid penalties and the prospect of losing the deduction for his or her labor and expenses in an audit. Payments to independent contractors are referred to as non-employee compensation (NEC).
- Tips to Avoid 2019 Tax Penalties
- The holiday season is upon us, complete with family gatherings, over-indulging in food and beverages, and gift shopping and giving, and the last thing most of us want to think about right now is what faces us after the New Year is rung in: tax season! But taking some time now to get in the tax-season spirit may help you to avoid or reduce certain penalties on your 2019 tax return.
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