A lot of our clients that come to us with back tax problems are self employed. For one reason or another, they fall behind on their taxes. With COVID-19, small businesses have been hit the hardest and despite the government stimulus bills, there are still millions of businesses teetering on the border of failure. It’s understandable that a few of them fell behind on their taxes and we’re here to help.

Being a freelancer carries a number of important benefits, from the ability to make your own hours to the freedom to work from virtually anywhere. But being your own boss also comes with some serious challenges, including how to prove your income to a skeptical mortgage lender or reporting your income accurately when filing your taxes.

Original Article Source Credits:   Forbes , https://www.forbes.com/

Article Written By:  Kelly Phillips Erb

Original Article Posted on:  Dec 22, 2020

Link to Original Article:  https://www.forbes.com/sites/kellyphillipserb/2020/12/22/irs-releases-2021-mileage-rates/?sh=48a50aa92fb0

Original Article Source Credits:   The Motley Fool , https://www.fool.com/

Article Written By:  Eric Volkman

Original Article Posted on:  Mar 8, 2021

Link to Original Article:  https://www.fool.com/investing/2021/03/08/democrats-push-irs-to-immediately-extend-2021-tax/

Our email newsletter is a one-stop resource for relevant news and content about Ultimate Tax Relief, a tax resolution specialist in New York City. 

Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  Beverly Bird

Original Article Posted on:  January 10, 2021

Link to Original Article:  https://www.thebalance.com/overview-of-individual-taxpayer-irs-audit-4147677

Original Article Source Credits:   CNBC , https://www.cnbc.com/

Article Written By:  Sarah O’Brien

Original Article Posted on:  FEB 13 2021

Link to Original Article:  https://www.cnbc.com/2021/02/13/what-to-do-if-your-tax-return-is-flagged-by-irs.html

At Ultimate Tax Relief, we understand that tax problems come in various forms, and resolving them can be quite challenging. As a taxpayer, receiving a dreaded notice from the Internal Revenue Service (IRS) can be viewed as stressful and intimidating. But with a little preparation and help, you can handle your tax situation quickly and easily.

Original Article Source Credits:   Forbes , https://www.forbes.com/

Article Written By:  Kemberley Washington

Original Article Posted on:  Feb 11, 2021

Link to Original Article:  https://www.forbes.com/advisor/taxes/yougov-survey-majority-americans-dont-know-stimulus-checks-wont-be-taxed/

Original Article Source Credits:   CPA Practice Advisor  , https://www.cpapracticeadvisor.com/

Article Written By:  Isaac M. O'Bannon, Managing Editor

Original Article Posted on:  Feb 8th, 2021

Link to Original Article:  https://www.cpapracticeadvisor.com/tax-compliance/news/21209344/will-2021-tax-deadline-be-extended-again

Original Article Source Credits:   CNBC , https://www.cnbc.com/

Article Written By:  Lorie Konish

Original Article Posted on:   JAN 7 2021

Link to Original Article:  https://www.cnbc.com/2021/01/07/still-waiting-for-a-600-stimulus-check-heres-what-you-need-to-know.html

Original Article Source Credits:   Forbes , https://www.forbes.com/

Article Written By:  Kemberley Washington

Original Article Posted on:  Jan 11, 2021

Link to Original Article:  https://www.forbes.com/advisor/personal-finance/6-tips-to-file-2021-taxes/

Original Article Source Credits:   CPA Practice Advisor , https://www.cpapracticeadvisor.com/

Article Written By:  NA

Original Article Posted on:  Jan 7th, 2021

Link to Original Article:  https://www.cpapracticeadvisor.com/tax-compliance/news/21205078/when-will-you-get-your-2021-income-tax-refund

Original Article Source Credits:   IRS , https://www.irs.gov/

Article Written By:  NA

Original Article Posted on:   December 16, 2020

Link to Original Article:  https://www.irs.gov/newsroom/new-things-taxpayers-should-consider-as-they-get-ready-to-file-taxes-in-2021

Original Article Source Credits:   CPA Practice Advisor  , https://www.cpapracticeadvisor.com/

Article Written By:  Dan Rahill

Original Article Posted on:  Dec 16th, 2020

Link to Original Article:  https://www.cpapracticeadvisor.com/tax-compliance/news/21202885/tax-planning-for-yearend-2020

Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  Beverly Bird 

Original Article Posted on:  September 01, 2020

Link to Original Article:  https://www.thebalance.com/overview-of-individual-taxpayer-irs-audit-4147677

Tax identity theft occurs when identity thieves obtain your Social Security number and file a fraudulent tax return on your behalf.

According to the Federal Trade Commission, tax identity theft is the most common form of identity theft. The FTC estimates that it costs taxpayers over $5 billion a year.

Consumer advocates believe that since Social Security numbers are so readily available on the dark web, that a majority of Americans are at risk.

Taxes are one of those topics people hate to talk about or even think about, especially if they end up owing money in back taxes every year. That's why many taxpayers wait until the very last moment to prepare for tax season. It’s also why nearly 14 million Americans find themselves receiving threatening letters from the IRS and in some sort of collection proceedings.

With the new Biden administration taking office in 2021, more tax changes are almost certain. COVID relief is another factor to account for, and things are changing almost daily. So it's never too early to start preparing for tax season.

Original Article Source Credits:   IRS , https://www.irs.gov/

Article Written By:   NA

Original Article Posted on:  December 16, 2020

Link to Original Article:  https://www.irs.gov/newsroom/get-ready-for-taxes-stay-home-and-stay-safe-with-irs-online-tools

Original Article Source Credits:   CNBC , https://www.cnbc.com/

Article Written By:  Darla Mercado

Original Article Posted on:  NOV 18 2020

Link to Original Article:  https://www.cnbc.com/2020/11/18/thisthe-irs-is-blessing-workaround-that-allows-business-owners-to-deduct-state-and-local-taxes.html