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Taxes

Things To Consider Before Becoming an Independent Contractor

Many people find being an independent contractor to be a preferred method of doing business. One of the reasons people enjoy contract work is because they can set their own hours and work from home. Many people have a spouse who works full time and the couple finds it convenient to work from home. Contractors […]

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Taxes

Managing Taxes as an Independent Contractor

One big reason why freelancers don’t want to get paid as a 1099 independent contractor is that they are responsible for paying their own taxes. When you get paid as an employee, you don’t have to do much paperwork. But if you are a 1099 independent contractor, you probably have to pay quarterly taxes. However, […]

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Taxes

How Tax Debt is Handled in an Elk Grove Bankruptcy

How tax debt is handled in an Elk Grove bankruptcy depends on several factors. Despite your preconceived notions, it is possible to eliminate tax debt with bankruptcy. When tax debt cannot be deleted using bankruptcy another option is to have the tax debt repayment spread over a period of up to five years. Whether you […]

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Bankruptcy Taxes

Can Tax Debt be Discharged?

A common question often asked by debtors is whether or not tax debts can be discharged in bankruptcy. Tax debts may qualify for discharge if (a) the due date for the return was three years or more before you filed bankruptcy, (b) the taxes were assessed at least 240 days prior, (c) the tax return […]

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Taxes

How Bankruptcy Affects Tax Debts

How Bankruptcy Affects Tax Debts

Some of the most common questions we hear at our Sacramento bankruptcy office are centered on how bankruptcy affects tax debts. It’s not surprising that individuals want to know how filing a Chapter 7 or Chapter 13 bankruptcy will affect those tax debts imposed by the IRS.  The good news is that in certain situations, […]

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Taxes

Smart Tax Refund Uses

smart tax refund uses

If you are lucky enough to get a tax refund this year, be thankful. Not everyone gets money back. A lot of people owe the IRS. How do you plan to use your tax refund this year? A vacation? A new purchase for the home? Don’t waste the money on something frivolous.  Here are some […]

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Taxes

Maximum Refund Tax Tips

maximum refund tax tips

It is tax season once again. With it comes the dreaded April 15th deadline for filing taxes. If you are anticipating getting a tax refund are you really getting all you can? Follow these maximum refund tax tips to get the most of out of it. Maximum Refund Tax Tips First, consider skipping the standard […]