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Showing posts from January, 2021

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   As we being the new year, most people are thinking about their taxes. Planning ahead can have a serious impact on your tax bill next year, especially if you know you’ll owe taxes.  In this article, we’ll talk about some steps you must take if you know you’ll be owing taxes to the IRS or state.   Note : If you already have tax troubles or owe more than $10k to the IRS or state but can’t pay in full, contact our firm today. We help people find tax relief, file years of unfiled tax returns, and sometimes settle their tax debt for a fraction of what’s owed. Return to the main page of www.fairtaxsolutions.com to learn more.   Report All Your Income One of the biggest reasons people get in trouble with the IRS is their failure to report income. Oftentimes it’s an honest mistake and they simply forget about income they’ve made throughout the year.   -Did you take on a consulting gig? Your client might have f