owe taxes

Stop IRS Penalties from Getting Worse Tax Relief Options

Don’t Let IRS Penalties Snowball — Here’s What You Need to Know About Tax Relief Options

Let’s be honest—no one likes dealing with the IRS. But what makes it worse? When penalties start piling up because of a missed filing deadline, a late payment, or just an honest mistake on your return. In 2023 alone, the IRS assessed over $25.6 billion in additional taxes due to late filings—and collected $2.8 billion […]

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What to Do If I Owe Tax

What to Do If I Owe Tax: Solutions for Individuals and Small Business

Owing taxes is more prevalent than most are aware. For individuals, it could be because not enough is being withheld from paycheck, additional income from freelance writing or design, or a business on the side. Underpayment of estimated taxes or overlooking deductions can result in a tax bill for small businesses. The IRS says that

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Why Do I Owe Taxes

Self-Employed and Owe Taxes? Here’s How to Handle IRS Debt Smartly

Being self-employed is flexible, but it also means you have to do your own taxes. If you’re asking yourself, “Why do I owe taxes?” you’re not the only one. Many self-employed people are surprised to find themselves with a tax bill. Knowing why this occurs and how to manage IRS debt intelligently can minimize stress

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