Tax Hacks for Parents: Save Big on Summer Expenses tax credits tax tips taxes

Summer Tax Hacks: How Parents Can Save Big on Summer Camp Expenses

Summer is here, and if you have kids, they’re probably enrolled in summer camp. Did you know that these expenses may be deductible on your taxes? Today, I’ve got a hot tip that might just make your summer a little...

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IRS Audit Surge and TOP Triggers: You Might Be The TARGET irs irs update tax tips

Understanding IRS Audit Rates and Top Triggers for an Audit

The recent influx of new funding for the IRS is poised to increase audit rates. Currently, the IRS audit rate stands at under 1%. While this might sound reassuring, it’s important to understand the potential costs associated with...

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The New IRS 1099K Rules Starting 2024: What You NEED TO KNOW 1099-k irs taxes

If you're using payment apps like PayPal, Venmo, or Cash App, you need to pay close attention.

As you probably know, the IRS has made some major changes to the new 1099K reporting rules, and it could have serious implications for you as far as IRS tax reporting goes.

But don't worry, I've got...

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Did You Receive IRS CP14 Notice by Mistake? Here's What to Do! irs irs notice irs update

Hey, everyone. It's June 2024. I wanted to let you know about what's going on with the IRS as far as them sending out incorrect CP14 notices.

Now, if you don't know what that is, it's an IRS notice sent to taxpayers informing them that they owe money on unpaid taxes. It provides details about...

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U.S. Accountant Shortage: Is Your Tax Information Being Outsourced? accounting taxes

Introduction: Is Your Tax Information Being Outsourced Overseas?

Is the accountant shortage in the U.S. real, or is it just an excuse to outsource American jobs to other countries like India or the Philippines?

Amid the ongoing accountant shortage in the USA, more tax firms are turning to...

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The SECRET to Financial Success: 10 Must-Know Lessons on Money and Life financial

Have you ever wished you could avoid financial mistakes that many other people make? What if I told you that 10 simple lessons could transform your approach to money and life, saving you from years of frustration and regret?

In this blog post, I'm sharing just that from my own personal...

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My Tax Season Wrap-Up & Outlook for Tax Profession business tips small business tax tips

Introduction: 2024 Tax Season Wrap Up

Tax season has finally wrapped up and I can finally relax a bit. This was my ninth tax season working for myself, and I have to say it was the most successful tax season to date. This is in terms of the amount of money I made and that it was mostly...

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The American Dream is DEAD.. Here's Why economy financial

My family emigrated to this great country of America in the 1970s. My dad had $70 in his wallet, a wife and kids in tow. He was very smart, educated as a CPA in the Philippines. He had a bold business plan with other like-minded men. They came to this country legally and with the American dream...

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The Great Depression: Ominous Signs It's Happening Again! economy financial history

Could we be on the path towards another Great Depression? Right now, signs in our economy might be pointing - to yes. Despite what you hear about our strong economy and robust financial systems, there are echoes of the 1920s that can't be ignored.

Introduction: The Great Depression of 1929

Back...

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How to Not Owe the IRS When You File Your Taxes irs tax tips taxes w-4

Tax season just ended and one of the number one questions that I've been getting is with people who end up owing the IRS when they get the results of their tax return back.

And the reason they owe is because they haven't withheld enough Federal withholding taxes from their employer. In other...

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Side Hustle Taxes Part III: Business Mileage and Home Office Deduction business tips side hustle taxes tax tips

So you have a side hustle and you're probably confused about how to pay taxes on your side hustle income.

Am I right?

Navigating the tax landscape with a side hustle can be confusing, but you've come to the right place! This is a three-part series aimed at simplifying the tax puzzle for your...

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Side Hustle Taxes Part II: How to Track Income & Expenses and Audit-Proof Your Deductions business tips side hustle taxes tax tips

So you have a side hustle and you're probably confused about how to pay taxes on your side hustle income.

Am I right?

Navigating the tax landscape with a side hustle can be confusing, but you've come to the right place! This is a three-part series aimed at simplifying the tax puzzle for...

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