What You're Doing Wrong with S Corporation Health Insurance Premium business tips irs s corporation

Today, I wanted to address a common mistake with S Corporations, and how owners/shareholders often incorrectly deduct their health insurance premiums.

I'll give you a high-level overview of how this works within an S Corporation structure – no deep dive, just the essentials you need to...

Continue Reading...
What is The IRS First-Time Penalty Abatement: How Does It Works? individuals irs tax tips

If you owe any amount of money to the IRS, I'm pretty certain there would be penalties included in the tax-due amount. These penalties can add up, sometimes even doubling the amount due.

In this blog post, I'm going to share a little-known secret to getting those penalties abated with a simple...

Continue Reading...
Don't File an Income Tax Extension Until You Read This! irs tax extensions

Tax day is right around the corner and suddenly you realize you're not quite ready to do your taxes. So the idea of filing a tax extension comes into consideration. It's a very common scenario, but is that the best decision for your situation?

Let's dive in and discover if filing a...

Continue Reading...
TOP 3 FREE Tax Filing Options: VITA vs. IRS Free File vs. AARP irs tax tips taxes

Filing your taxes shouldn't be difficult, and unless it's complicated, it shouldn't be too expensive either. If you think tax filing is a hassle and expensive, I've got some good news for you. There are some free and user-friendly options that can make this process much smoother. However, there...

Continue Reading...
What to Do if You Receive an IRS Form 1099K? 1099-k irs side hustle taxes

If you're reading this blog post, you've probably received an IRS Form 1099-K, and you want to know what to do with it.

Can you ignore it, or do you need to report it on your tax return?

Short answer, you do need to report it on your tax return or face receiving a nasty letter from the IRS with...

Continue Reading...
Never Fear an Audit Again: Ex-IRS Agent Secrets Revealed! irs tax resolution tax tips

In today's blog post, I've got something special for you -- a YouTube video where I'm sitting down with Michael Sullivan, who's not just any tax expert. He's a former IRS Agent and a familiar face on News Maxx, Fox News, and ABC, just to name a few. 

He was an IRS insider for over a decade....

Continue Reading...
How to File Your 1099s in 2023 The Easy Way 1099-k irs

Business owners know tax season can be a bit of a drag. But I've got something that will make it a whole lot better! I'm excited to introduce you track1099.com in today’s blog—a real lifesaver for filing your 1099 tax forms.

So What is Track1099?

Track1099 is a...

Continue Reading...
Top 5 Tax Filing Mistakes You Must Avoid: Expert Tips for 2023 individuals irs tax tips taxes

Today, I have a good story for you. It’s about a young professional named, Karen, who thought she had taxes all figured out  until tax season rolled around. Her mistakes were a bit costly, but they're also incredibly common.

Karen was doing well, living her best life. She had just...

Continue Reading...
The Truth About IRS Tax Debt Forgiveness (Former IRS Agent Reveals All) irs offer in compromise tax resolution

In today's blog post, I've got something special for you -- a YouTube video where I'm sitting down with Michael Sullivan, who's not just any tax expert. He's a former IRS Agent and a familiar face on News Maxx, Fox News, and ABC, just to name a few.

We're diving deep into the IRS Offer in...

Continue Reading...
Breaking news: IRS Delays $600 Tax Rule for Individuals and Online Sellers! 1099-k irs side hustle taxes small business taxes

Breaking news! The IRS just announced they're delaying and revising the 1099K reporting changes that were supposed to go into effect starting this year 2023.

As you probably know, payment settlement entities were planning on issuing 1099K tax forms to individuals and online sellers who...

Continue Reading...
The New 1099K Rules for 2023 Tax Season: What You Need to Know 1099-k irs

Today, I’m summarizing what you absolutely must know about the new $600 form 1099-K rules. Now if you’re thinking… wait a minute… the IRS delayed this last year, I’ve heard Congress is working on increasing the limit to say $5,000 or even higher. 

Well,...

Continue Reading...
Is Your State Offering Free IRS Tax Filing? Find Out If You're Among the Lucky 13! individuals irs taxes

Today, we've got some exciting news that could make tax season a little less stressful for many Americans. The IRS is planning to test a free online tax system in 13 states this upcoming tax season. It’s called the Direct File program. Let's dive into the details!

What is the Direct File...

Continue Reading...
1 2