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...

Continue Reading...
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...

Continue Reading...
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...

Continue Reading...
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...

Continue Reading...
Side Hustle Taxes Part I: Reporting Income & Expenses, and Understanding Deductible Business Costs 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 designed to demystify the tax implications of...

Continue Reading...
Pay Zero Taxes on Your Side Hustle? Uncover the Legal Loopholes! side hustle taxes tax tips taxes

Here's how you can legally pay zero or no taxes on your side hustle income.

Now, I know what you might be thinking – the idea of paying little to no taxes on your side business income might seem too good to be true. But stick with me!

We will explore some completely legal and smart...

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...
5 Tax Misconceptions You're Getting Wrong individuals tax tips taxes

Did you know that some of the most common things people believe about taxes is actually wrong?

I'm a CPA and I've been unraveling the complexities of taxes for decades. Today, I'm going to share my top five misconceptions about taxes that might just surprise you.

Whether you're a tax pro who...

Continue Reading...
Should You Do Your Own Taxes Or Hire a Tax Pro? small business tax tips taxes

When it comes to taxes, you're probably doing it all wrong.

Hiring a Tax Professional vs. DIY

Imagine this... We often find ourselves at a crossroads. One path involves your tax documents and do-it-yourself tax software; The other, an experienced tax professional who will take your...

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...
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 Open a Roth IRA for My Child? Here's How! investing tax tips taxes

Want to Open a ROTH IRA for Your Kids?

Opening a Roth IRA for them might just be the unfair advantage you need! In this blog post, I'll walk you through the savvy process of setting up a Roth IRA for your child.

YES, it's possible, and YES, I'll tell you exactly how to get it done!

But...

Continue Reading...
1 2