We live in the age of the 1099 employee. A recent study found that an estimated 15% of employees are independent contractors. Other studies estimate that number to be ever higher. With cost savings for employers, flexibility and other personal benefits for employees, it is no surprise that hiring practices in many industries are starting to include an increasing amount of independent contractors. But as a self-employed contractor, you should understand your tax obligations and responsibilities to avoid entanglements with the IRS.Read More >
Editor’s Note: This post was originally published in January 2017 and has been updated for accuracy and comprehensiveness.
The IRS can use a host of methods to collect on your back taxes. It can levy your assets, put a lien on your income, and use other means to recoup your government debt.Read More >
When you are in debt to the IRS, any payment is one too many. Unfortunately, it’s pay-to-play. If you can't pay your taxes in full and on time or enroll in an installment agreement, you are left with few tools to help you reduce your tax burden.Read More >
Tax liens — don’t you just hate them? They can be scary, but there’s no reason to panic. The situation isn’t as dire as you might believe, and help is available.Read More >