Penalty for Filing a False Tax Return
The penalty for filing a false tax return can be steep, and including monetary fines and prison time. Learn the risks of filing a false return.
How to file taxes without W2 or 1099
Most employees and contractors will receive a W2 or 1099. For those that don’t, you can still file taxes without a W2 or 1099.
How to Read a W2
Reading a W2 can be easy. Just remember to know which wage item belongs in which box of the W2 form. You can also check the legend.
What is the Difference Between W2 vs W4
The difference between a W2 and a W4 is quite simple – one is filled out by you and the other is provided to you by your employer.
Tax Evasion Penalty
The penalty for tax evasion is no joke. There are civil consequences (like fines and penalties) and criminal consequences (like prison time).
IRS Tax Lien on Inherited Property
The IRS can record tax lien on inherited property. This means you can’t escape IRS collection by giving away your property upon your death.
What are Fraudulent Transfer Statute of Limitations
The IRS has an extended statute of limitations to go after fraudulent transfers. This helps them collect past due tax debt.
Do You Pay Taxes on Settlements?
You generally don’t have to pay tax on personal injury and emotion distress settlements, but other types of settlements are taxable.
1099 vs W2: Which Is Better for Employee?
Some people get 1099s and others get W2s. You can deduct expenses with a 1099, but W2 pays a lower tax rate. Learn which is better for you.
