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 […]
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 […]
Surviving Tax Day: The Procrastinator Guide
Surviving Tax Day: The Procrastinator Guide Ramon Ortega Tax filing season is probably the worst time of year if you are a procrastinator. With deadlines looming, filling out all those complicated forms and making sense of an increasingly complex tax code that changes almost every year can seem like an overwhelming task. But no matter […]
LLC Single Member or Self-Employed: Self-Employment Taxes
LLC Single Member or Self-Employed: Self-Employment Taxes Ramon Ortega People often dream of leaving their jobs and going into business on their own so that they can pursue a passion and work without a boss. Self-employment can be a rewarding career decision, but if not done properly it can lead to higher taxes and tax […]
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, […]