Some people wait until the day that the Internal Revenue Service (IRS) stops accepting tax returns to file their annual paperwork. Occasionally, those last-minute filings will come with a surprise balance due. Most employed adults tend to receive a refund when they...
Filing your taxes is an annual obligation, likely even with you have barely earned any money. If you are an independent contractor, you may also have to spend quarterly estimated tax payments in addition to filing an annual return. Small mistakes can put anyone at...
It is very common for married couples to only have one spouse work on the tax return. Maybe you've always been bad with numbers or have a hard time focusing on complicated paperwork. Perhaps you are a stay-at-home spouse and only earn $200 a year, so it just makes...
Finding out that the Internal Revenue Service (IRS) believes you underpaid your taxes is certainly a frightening experience. After all, you can count on the government to get their money no matter what. In severe cases, those accused of failing to meet their tax...
You know that it’s illegal not to pay the taxes that you owe. Everyone is bound to pay their taxes, whether they are employees or business owners. Anyone with an income is going to need to pay some amount of tax on it at the end of the year. You also know that it’s...
If you're facing a massive outstanding tax bill, it's understandable that you're worried. It doesn't feel financially viable for you to pay off all of the money that the IRS says that you owe. Now, there could be other parts to this equation. Maybe you believe you...
As you do your taxes, it's natural to worry about making a mistake. You may be concerned that it's going to look like you're trying to commit fraud. For instance, what if you forget to list some of your income? Is the government going to believe that you're trying to...
At first, e-commerce largely involved businesses selling and shipping physical items either to individual consumers or other companies. However, the shift to fully-digital transactions has begun. Some people and businesses traffic in digital currencies, like...
If you file taxes in the United States, something that you should be aware of is the risk of facing an audit. Audits by the Internal Revenue Service are largely random, which can make it hard to know if you’ll be at risk or not. You may be surprised to know that the...
There are various reasons why United States citizens place their funds in offshore bank accounts. One may be to qualify for secondary citizenship by investment. Another may be because the target country serves as a tax shelter. Americans often purchase homes abroad....
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