Category: Business

Worked Remotely In 2021? Here’s What You Need To Know About Your Taxes

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Working remotely certainly has its benefits but in some cases, it could create a tax headache. If you did your job from another state for part of 2021, determining whether you need to file another state tax return can be complicated because of different state rules. So as you gear up to file a return for 2021, make sure you know the rules that apply to you. CLICK ON THE HEADLINE FOR MORE

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Your Unpaid Taxes Still Accrue Interest Even Though IRS Suspends Collection Notices. Here Are Some Payment Options To Consider

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With a backlog of millions of returns, the IRS has temporarily stopped sending out more than a dozen types of automated notices, including some for unpaid taxes. But that doesn’t mean interest stops accruing on outstanding balances. Although the agency has been difficult to reach by phone, there are a few ways to resolve unpaid taxes. CLICK ON THE HEADLINE FOR MORE

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15 Self-Employment Tax Deductions

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Finding out you owe $10,000 in taxes instead of $15,000 is a big win, but not if you don’t have anywhere close to $10,000 set aside. While self-employment tax deductions can save you money, don’t expect them to wipe out your tax bill completely, Once you’ve made a habit of setting aside money for taxes, you can keep more of it in the bank. CLICK ON THE HEADLINE FOR MORE

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