.3 GS CEUs | $60

Presented in English & ASL by Rosemary Bocian

Course Description:

Are you confused about why you owe a lot of taxes when you file? Are you currently sitting on a huge tax bill that you don’t know how to handle? Taxes can be an extremely stressful experience for freelance interpreters, especially if you are blindsided year after year with a large tax bill that you’re unprepared for. This webinar will explain various payment options that are available if you find yourself with a large tax bill that you can’t afford. It will also teach you how to avoid owing large balances in the future by ensuring correct estimated taxes and withholdings are paid throughout the year. In addition, we will examine several real-life scenarios to help interpreters apply the concepts taught and gain an idea of how they can apply them to their own unique situations.

Educational Objectives:

• Participants will understand what quarterly estimated taxes are and how they

  impact the amount of taxes owed when filing in the spring.

• Participants will be able to complete form W4 to ensure correct tax withholding

  from multiple employers.

• Participants will be able to describe the difference between short term and long

  term federal tax payment plans.

• Participants will be able to identify the criteria involved with qualifying for federal

  tax debt forgiveness (also referred to as “tax relief”).

• Participants will be able to indicate three warning signs to avoid when selecting a tax debt relief service.