Tax

Taxes On Personal Injury Settlements

Taxes On Personal Injury Settlements – What Do I Need to Know?

A question most commonly asked by personal injury victims is whether they must pay income tax on personal injury settlements. And well, this is a question valid considering that the Internal Revenue Service (IRS) collects taxes on almost everything. So, do you pay taxes on personal injury settlement? Some good news for you! Your chances …

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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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