Evaluate your tax situation

How much does the IRS say you owe?

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$125,000 $250,000
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$125,000 $250,000
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Evaluate your tax situation

By evaluating your tax situation, you can identify areas where you may be able to reduce your tax burden.

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Working as an independent contractor can be very appealing to many. It provides you with the opportunity to be your own boss. With nearly 94% of the population in Franklin, Tennessee having computers within the home, many are choosing to work as independent contractors. It's especially vital for independent contractors to file their taxes properly. A tax professional can help make sure you get all of the deductions and credits available to you.

Self-Employment Tax Must be Paid

When you work as an independent contractor, taxes are not often deducted from your pay. This means that you are responsible for paying taxes yourself. A tax relief professional in Franklin, TN can help you determine what your self-employment tax is.

Quarterly Taxes Are Best

Most self-employed taxpayers must make quarterly tax payments. For most, it's required by law. However, filing taxes on a quarterly basis is best for the taxpayer, regardless of the law. It makes tracking deductions and expenses easier.

A tax professional can help you ensure that everything is tracked properly and that you claim every deduction you deserve. When you file quarterly, it also decreases the chances of a mistake occurring. This means that you are less likely to be audited by the IRS.