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TL;DR Accounting Blog

What if I Can’t Afford to Pay My Taxes?

What if I Can’t Afford to Pay My Taxes?

What happens if you owe taxes and can’t afford to pay them all at once? First, don’t panic and don’t ignore your taxes. The IRS has several different options available to those who owe taxes. The easiest option is a payment plan. If you owe less than $50,000 in taxes, you can apply for a payment plan. A short-term agreement option is available if you can pay the full amount of back taxes within 120 days. This method does not assess a user fee to set up the plan, though you’ll still be responsible for paying penalties and interest. An…
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How to File an Extension In 2018

How to File an Extension In 2018

If you’ve waited until now to contact a tax professional or CPA about filing your taxes, you’ve likely been told the bad news: they’re booked or they will need to file an extension on your behalf. If you haven’t yet found a professional to file your taxes and you don’t want to file on your own, you should file an extension yourself as the deadline for doing so is just around the corner. An extension buys you a grace period so a professional can still assist you after the tax filing deadline. An extension does not, however, extend the time…
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Spotlight: Rebecca “Becca” Williams

Spotlight: Rebecca “Becca” Williams

Rebecca Williams is a tax specialist at TL;DR: Accounting. She’s an important part of our team and we’re excited to introduce her to our clients! She is cracking jokes and keeping us entertained in our Slack channel. Why did you decide to become an accountant? I like order and I like solving puzzles. This way, I get to do both! When were you hired for TL;DR? January, 2019. What made you decide to want to work for TL;DR? I immediately fell in love with the culture. What do you enjoy most about TL;DR? I love the team and being able…
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