I Owe a Lot of Taxes: Why Does This Happen & What Can I Do About it?
Workshop 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.
Workshop Objectives:
As a result of attending this workshop, participants will be able to:
- demonstrate an understanding of what quarterly estimated taxes are and how they impact the amount of taxes owed when filing in the spring.
- complete form W4 to ensure correct tax withholding.
- describe the difference between short term and long term federal tax payment plans.
Presenter Bio:
Rosemary Bocian, MA, EA, NIC, is a highly experienced American Sign Language interpreter and Enrolled Agent (admitted to practice before the IRS). She earned her Bachelor’s in ASL Interpretation and a Master’s in Deaf Studies from Gallaudet University.
From 2011 to 2020, Rosemary worked full-time as a freelance ASL interpreter in the D.C. metro area. In 2017 she co-authored The Interpreter’s Quick Guide to Self-Employment, a resource used by interpreter training programs nationwide. Following its release, she also began leading workshops, including the 2019 RID National Conference.
That same year, Rosemary initiated a professional transition by earning her EA credential and co-founding Quick Guide Tax, a firm devoted to offering personalized tax and financial services to interpreters and self-employed professionals.
Today, drawing on her interpreting background, she specializes in freelance-interpreter taxation. As a licensed EA, author, and experienced speaker, Rosemary excels at translating complex tax concepts into clear, accessible guidance, empowering clients to confidently navigate self-employment.