The gig economy refers to a labor market characterized by short-term contracts or freelance work as opposed to permanent jobs. It encompasses a wide range of industries, from ride-sharing and food delivery services to freelance writing and graphic design. Instead of being classified as traditional employees, many workers in the gig economy are considered independent […]
Tax Resolution and Your Finances: What is an Offer in Compromise?
Dealing with tax debt can be incredibly intimidating. It’s natural to feel overwhelmed and powerless in such a situation, but it’s important not to let fear and helplessness paralyze you. Every day you delay taking action, interest and penalties continue to accumulate, potentially causing your liabilities to skyrocket and wreak havoc on your financial stability. […]
Understanding a Notice of Federal Tax Lien and What to Do About It
Neglecting to pay your taxes can lead to serious consequences, and one of the most severe repercussions is the federal government filing a legal claim against all your current and future property through a federal tax lien. In this article, we’ll break down what a federal tax lien is and provide guidance on what steps […]
Understanding Tax Fraud: Consequences and Penalties
Tax fraud is a serious offense that involves intentionally evading or misrepresenting information on tax returns to avoid paying the correct amount of taxes. In the United States, it is taken very seriously by both federal and state authorities, and anyone caught engaging in such activities could be subject to significant penalties and even criminal […]
Navigating the World of Digital Taxes in the United States: Unraveling the Complexities of the Digital Economy
As technology has continued to advance and transform, our lives have become intertwined with digital goods and services. We buy e-books, stream movies, subscribe to online music platforms, and even seek services from freelancers through online platforms. The digital economy has revolutionized the way we live, work, and connect with one another. Taxation of Digital […]