How To Stay Out Of Tax Trouble?
How To Stay Out Of Tax Trouble? Ramon Ortega Clock is ticking and tax time will again be here before you know it. If your tax return is a simple one, you may be up to filing the return yourself. But if your situation is somewhat difficult, seeking the help of a qualified professional is […]
Should You Claim the Home Office Deduction?
Should You Claim the Home Office Deduction? Ramon Ortega More and more people have been looking beyond the normal nine to five and making their own way in the world, creating an income they can rely on, one that is directly tied to their skills and abilities. Since people are working remotely due to COVID-19, […]
Was There A Mistake On Your Tax Return? Here Is What You Need To Do
Was There A Mistake On Your Tax Return? Here Is What You Need To Do Ramon Ortega Tax returns can be complicated and difficult to understand. Even for a professional, it can be hard to get every number and detail right. Often, you only notice the mistakes when you take a casual look at your […]
Common Errors That Could Get You First Time Filers In Tax Problems
Common Errors That Could Get You First Time Filers In Tax Problems Ramon Ortega If this year is the first time you will be filing a tax return, it is important to plan ahead of time. Mistakes are common among first-time filers, and those blunders could delay a much-anticipated refund or even trigger an audit […]
Five Things That Can Unexpectedly Raise Your Taxes
Five Things That Can Unexpectedly Raise Your Taxes Ramon Ortega Proper tax planning is a year-round proposition, not last minute at the tax return season. You cannot afford to wait until taxes are due to start planning them and assessing your tax liability. Knowing which factors can raise your taxes is one of the best […]
How to Turn Your Side Hustle Into a Massive Tax Deduction
How to Turn Your Side Hustle Into a Massive Tax Deduction Ramon Ortega If you took on a side hustle last year to make ends meet and earn some extra cash, you may have found an unexpected surprise when you filed your taxes. If you did not prepare carefully, you probably ended up with a […]
If the IRS Disagree with Your Income Numbers? Seven (7) Steps to Take Next
If the IRS Disagree with Your Income Numbers? Seven (7) Steps to Take Next Ramon Ortega Receiving the dreaded notice from the IRS stating you owe them more money you can’t pay could be a scariest experience a taxpayer can have. When you open up the mailbox and see the return address of the IRS […]
Filing Amended Return
Filing Amended Return Ramon Ortega Few people look forward to tax filing season. Unless you are an accountant who loves tax season, you probably dread this time of year, and you are thrilled when your return is in and your refund is on the way or your tax debt is all paid off. When you […]
Avoid These Five Common Tax Filing Mistakes That Can Get You In Trouble
Avoid These Five Common Tax Filing Mistakes That Can Get You In Trouble Ramon Ortega Whether you file a 1040EZ or a 1040 and a raft of schedules, making a simple mistake on your tax form could lead to big tax trouble. Something as simple as a math error or unsigned form could invite extra […]
Did You Know You Might Owe Taxes On Canceled Debt?
Did You Know You Might Owe Taxes On Canceled Debt? Ramon Ortega When you owe creditors money that you can’t now repay, sometimes you may be able to get the debt forgiven or canceled. When this happens, you no longer owe your creditors the money that you used to owe them. The IRS, however, usually […]