Last week, I appeared on a special episode of CNBC's On the Money personal finance show, which was dedicated to frauds and scams. I was warning consumers about staying out of trouble with the IRS. Most notably, consumers need to avoid the scammers who advertise "pay pennies on the dollar to the IRS."
While it is possible to negotiate settlements with the IRS, most of the companies advertising these services do not provide value to taxpayers. Learn more in this video:
Wondering how the 2017 tax reform impacts your 2018 taxes if you're self-employed? Here is a summary of the changes to tax deductions and credits that you can claim as a self-employed freelancer, contractor or sole proprietor.