Finding out that you owe money to the IRS can feel overwhelming and stressful. Whether it’s due to an unexpected tax bill, a past filing error, or unforeseen financial hardship, not knowing how to pay your tax debt can leave you feeling stuck. But here’s the good news: you have options. At Blue Ocean Tax […]
Archives for January 2025
Don’t Panic: How to Handle an IRS Notice with Blue Ocean Tax Advisors
Receiving a notice from the IRS can be nerve-wracking. You open your mail and there it is: a letter with the IRS logo at the top. Before you spiral into worry, take a deep breath and know this—receiving a notice is actually a very common practice. At Blue Ocean Tax Advisors, we’re here to guide […]
Facing IRS Debt? Here’s How Blue Ocean Tax Advisors Can Help You Navigate the Waters
Finding out you owe money to the IRS can be overwhelming. The dread of tax debt can make you feel adrift in a stormy sea with no clear way to shore. The good news is, there are many ways to resolve your IRS debt, and you’re not alone in this journey. Blue Ocean Tax Advisors […]
How to Handle 1099 Contractors for LLCs vs. S Corps: Key Differences and Tips
When it comes to managing 1099 contractors, the way you handle them can vary depending on the type of business structure you have—whether it’s a Limited Liability Company (LLC) or an S Corporation (S Corp). Understanding the distinctions and requirements between these two entities is crucial for staying compliant with tax laws and avoiding potential […]