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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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How to Spot a Fake IRS Letter irs tax tips taxes

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....

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Why Doesn't the IRS Just Send You a Bill for Your Taxes? individuals irs taxes

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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Accidental Landlord: Don't Rent Out Your Home Until You Watch This! tax tips taxes

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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...

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IRS to Resume Balance Due Notices irs taxes

Breaking news from the Internal Revenue Service! 

The IRS just announced that they are sending out 8 million CP14 balance due notices starting this month.

What is an IRS CP 14 notice?

It’s the first notice the IRS sends you telling you that you owe them money. 

So, the IRS just...

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