Best Tax Attorneys in Annapolis, MD

5 Tax Mistakes to Avoid in 2024. If you want to avoid seeing the dreaded IRS letters and having your wages, home, and other assets taken be sure to avoid the following information I'm sharing with you at all costs. These 5 tax mistakes can cost you big time, but I am here to warn you about them so you can have a successful 2024 without worrying too much about your tax-debt burdens. Not paying estimated taxes on time with self-employed income (1099) Claiming tax exempt on W2 wages (0 withholding taxes) S Corp: Pay a reasonable salary to your employees Claiming huge expenses on tax returns without supporting documentation Not filing 1099 for self-contractors (if they work for you, you must file 1099s with IRS) if you are paying cash under the table get their SSN to file 1099) These tax mistakes can get you into a big tax trap but this is your chance to save this email, or make it a point to avoid these mistakes at all costs. If you're afraid you've messed things up with the IRS and have received notifications from the IRS that you're scared to open then... Schedule Your FREE Consult With Me & I'll Help You Determine The BEST Way To Get Your Debt Reduced As Fast As Possible I usually run out of spots pretty fast, so be sure to book your consult before I fill up. Let's reduce your tax debt! Book here.