Author name: Chloe Albutt

A tax transcript is an official summary of your tax information held by the IRS. It is not a copy of your filed return. It is a condensed record of what the IRS has on file for a specific tax year. Most people never think about transcripts until they are asked for one. That request […]

Searches for how to set up a tax payment plan with the IRS spike every year right after the April deadline, and for good reason. A lot of people file on time and then realize the cash isn’t there to cover the balance in one go. Here’s what matters most: the IRS expects this. They’ve

Filing your taxes brings a real sense of relief. The deadline is met, documents are submitted, and the financial to-do list finally feels manageable. But knowing what to do after filing your taxes is just as important as the filing itself. At Free Your Lyfe, we work with individuals and small business owners year-round, and

It’s late. You’ve just realized the tax deadline has passed, and now you’re trying to figure out how bad the situation really is. If you’re searching for what happens if you miss the tax deadline, you’re likely looking for two things: clarity and a way forward. The reality is that missing the deadline isn’t ideal,

There’s a moment most service-based business owners hit around March. You log into your accounting software, hoping things aren’t too bad… and quickly realise your books haven’t kept up with your business. Transactions are uncategorised. Balances don’t match. Reports don’t reflect reality. If you’re looking up “how to do a bookkeeping cleanup before tax season

You’ve done the hard part. Your tax return is ready… and then you see it. A balance due. If you’re searching “what to do if you owe taxes and can’t pay by April 15”, you’re not alone. According to the IRS, millions of taxpayers each year end up owing more than they expected. It’s a

If you’re realizing you can’t file your taxes by April 15, you’re not alone. Every year, millions of taxpayers search for a tax extension as the deadline approaches. In fact, the Internal Revenue Service reports that tens of millions of extensions are filed annually, giving taxpayers additional time to complete accurate returns. The good news?

If you are self-employed, tax season has a habit of sneaking up on you. Freelancers scrambling for missing 1099s, business owners unsure whether they were supposed to make quarterly payments, and gig workers wondering why their tax bill feels higher than expected. This self-employed tax guide for 2026 is designed to change that experience. Whether

Misclassifying workers is one of the most expensive mistakes small businesses make. We see it every tax season. A business owner hires help, calls them a contractor, sends a 1099, and moves on. Months or years later, the IRS or a state agency disagrees. The result is back taxes, penalties, interest, and a lot of

Tax season has a way of sneaking up on small business owners. January rolls around, inboxes fill with reminders, and suddenly you are staring at your books, wondering if everything is really in order. In our experience, many of the most expensive tax problems do not come from aggressive risk-taking. They come from small, common