Back Taxes: Myths & Facts (and Why You’re Not Going to Jail)
In this episode of the Become Sensible podcast, we explore how freelancers and small business owners can manage back taxes and regain control of their finances. If you’ve missed tax filings and feel unsure about the next steps, this episode is packed with practical solutions.
Why You Need to Listen
Are you:
- Struggling with missed tax payments or tax penalties?
- Unsure how to organize your records or set up catch-up bookkeeping?
We’ll break down the process for catching up on taxes while minimizing penalties.
What We’ll Cover
In this episode, you’ll learn:
- How to organize records even without previous bookkeeping.
- Tips on setting up a payment plan with the IRS.
- Understanding the importance of filing your taxes as soon as possible
Here’s What You’ll Discover:
- The significance of bookkeeping for smooth tax filing.
- How filing now can prevent costly penalties later.
- The steps to take when setting up an IRS payment plan.
Plus, we’ll share Samantha’s story—how she cleared three years of back taxes and negotiated a manageable payment plan with the IRS.
Take Control of Your Financial Planning
If you’re feeling the pressure of unpaid taxes, start organizing, filing, and reaching out for help. It’s never too late to regain control of your finances.
Don’t Miss Out!
Tune in to learn how you can tackle back taxes, set up catch-up bookkeeping, and ease the stress of tax season!
Happy listening, and here’s to your business success!
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As a business owner, setting financial goals is crucial for the success and growth of your company. However, many people often fall into the trap of following other people’s goals and dreams. To avoid this pitfall, it’s essential to create a vision for your personal life that aligns with your business objectives. Here are some…
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