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 […]
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 […]
Filing Your Taxes When You Know You’ll Owe Money to The IRS
Filing Your Taxes When You Know You’ll Owe Money to The IRS Ramon Ortega As we wrap up the year the last thing most people are thinking about is their taxes. But planning ahead can have a serious impact on your tax bill next year, especially if you know you’ll owe taxes. In this article, […]
Avoid Tax Trouble: Three Essential Steps To Prepare for Tax Season
Avoid Tax Trouble: Three Essential Steps To Prepare for Tax Season Ramon Ortega Taxes are one of those subjects that people hate to talk or think about, especially if they anticipate owing money in back taxes every year. That’s probably the reason why many taxpayers wait until the very last moment to prepare for tax […]
Amending a Prior Year Tax Return
Amending a Prior Year Tax Return Ramon Ortega Tax returns can often be filed with incorrect or incomplete information, leading you to more tax problems. If you filed early, sometimes you might have overlooked income from a side gig or temporary job, only to get later a 1099 or W2 for the income earned. Other […]