DENISE STUBBS, CPA

DIY Tax Software commercials make it look so easy. Click a few buttons, answer some questions, and boom, your taxes are done for less than the cost of dinner for two. But here's what those ads don't tell you: sometimes that "affordable" DIY software ends up being the most expensive tax mistake you'll ever make.

Filing 1099s isn't optional—it's an IRS requirement. Miss the deadline or file incorrectly, and you could face penalties starting at $60 per form. But here's what most business owners don't realize: you can't file a 1099 without first collecting a W-9 from your contractors. Without it, you're exposed to IRS penalties, potential tax liability, and year-end chaos that could have been easily avoided. The deadline is January 31, 2026, and the clock is already ticking.

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What to Do If You Receive a Letter from the IRS

If you’ve recently received a notice from the IRS, the situation can feel daunting. The prospect of managing tax debt might seem overwhelming, and you may be unsure about what steps to take next.   Fortunately, you don’t have to navigate this complex area alone. Tax resolution firms are here to help, providing essential guidance and support tailored to your unique circumstances.   Personalized Support from Tax Resolution Experts   1.    Understanding Your Unique Situation Eve

In response to recent IRS warnings about dubious "Offer in Compromise (OIC) mills," it’s crucial to understand that not all tax resolution services are created equal. While there are unethical companies that exploit vulnerable taxpayers with promises of "pennies-on-the-dollar" settlements, there are also many reputable local tax resolution firms that deliver legitimate services. These firms offer personalized, professional assistance, providing a reliable alternative to deali

If you’ve ever tried reaching the IRS by phone, you’re familiar with the seemingly endless wait times and multiple transfers that often lead to frustration. Now, imagine trying to negotiate your tax debt under these conditions—without a clear understanding of your options.   The process can feel like an uphill battle, making it even more challenging to resolve your tax issues. That’s why it’s so important to be informed about all of the different ways in which you can negotia

Preparing, filing, or even thinking about taxes can be overwhelming for many individuals, especially when faced with financial difficulties that prevent them from being able to pay their taxes in full.   However, it is vital to stay aware of the financial consequences that are associated with not paying your taxes on time and in full, because the penalties and interest can add up quickly and become a significant financial burden.   Knowing the types of penalties and interest