Tax pros report confusion among clients about whether they still need to file their 1040s and pay their taxes. Yes, you must file. The IRS is open for business.
If you've already do so, congrats! Now you can kick back and await that refund, right? Sure—but your relief will be short-lived. Once tax season rolls around next year, you'll again find yourself ...
the forms most freelancers need to file with their 1040s. First of all, expect to dedicate a lot more time to completing your income tax forms. The IRS says the average taxpayer will spend more ...
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Tax Prep Fees Are Through the Roof. Why You Should Just Pay Up.Average set fees charged by CPAs for preparing Form 1040s jumped 35% in just three years between 2021 and 2023, while enrolled agents raised rates by 24%, according to the National Association of Tax ...
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