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...
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...
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...
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...
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...
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...
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...
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...
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...
Fake IRS letters are going around again. I want to arm you with the information you need so that you never get scammed by a fake IRS letter.
I’ll provide a few examples, and after reading this blog post, you’ll have the information you need to never get tricked by an IRS scam letter....
A user on Reddit asks a very good question...
Why doesn't the IRS just send you a bill stating how much you owe?
Now that’s a great question.
Why doesn’t the IRS just send you a bill for what you owe? After all, they have all of your tax documents showing the income you earned...
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Today, we're discussing why you might not want to become an 'accidental landlord', and that is when you decide to rent out a property you own, that you originally intended to sell - typically after you bought another, new home. While this can sound like a great opportunity for extra...
