Tax

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Taxes On Personal Injury Settlements

Are Personal Injury Settlements Taxable? What the IRS Actually Says

The short answer is: most personal injury settlements are not taxable. But “most” is doing real work in that sentence. There are several situations where part of what you receive will be taxed — and not knowing the difference can lead to a surprise bill from the IRS months after your case closes. This guide […]

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self-employed

Self-Employed? Don’t Make These Mistakes on Your 2018 Taxes

Self-Employed? Don’t Make These Mistakes on Your 2022 Taxes When an organization employs you, it manages your taxes for you. If that’s your only source of income, you only need one W2 and a few write-offs. It’s different if you’re self-employed or a freelancer. Having many clients translates to many 1099s. Not to mention various

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