Injured Spouse Relief And Innocent Spouse Relief Are Not The Same

Injured spouse and innocent spouse are two tax terms often used interchangeably. However, it's important to understand that while the two terms sound somewhat similar — they are quite different. With that being said, people don't necessarily qualify for relief under the injured spouse guideline and automatically qualify for innocent spouse relief.  Spousal Roles One of the first factors that the IRS will consider when examining a persons' request for innocent spouse relief is their role within the tax situation. [Read More]

Working A Freelance Job? What To Know About Paying Taxes

Have you made the shift from a salaried job to working freelance? If so, this may cause you to feel a bit stressed about how you handle your taxes. You no longer have to enter your W2 information and see how close your tax withholdings were to your actual taxes owed, since you likely have not paid any taxes throughout the entire year. Here are some tips that will help you for filing your taxes as a freelancer. [Read More]

3 Tax Tips For Rideshare Drivers

If you drive for a rideshare app, you are considered an independent contractor. You need to fully understand what it means to be an independent contractor and make sure that you are keeping documentation of all the right expenses if you want tax time to go smoothly. Documents to Expect from the Ride Sharing Company You may get tax documents from the ride sharing company you work for, depending on how much money you can make from the app and how many rides that you give. [Read More]

2 Reasons To Work With A CPA Service

Working with a CPA service can be extremely beneficial for just about any company, typically because of the various ways in which they can help you keep your business' finances in order. Listed below are just two of the many reasons to work with a CPA service. They Can Allow You To Delegate Time-Consuming Tasks One of the biggest things that you will run into when running your own business is that there is often a lot of tasks and work requiring your time and attention. [Read More]