If you've locked in a profit on gold or silver, there's a question you've probably thought about:Â Do I really have to report it to the IRS?
Not should you… but do you actually have to?
Because if you spend any time online, you'll hear all kinds of answers like:
- Silver Eagles are exempt.
- Â Ju...
 Hey, everyone. This blog post is mostly for my U.S. readers as we approach another tax filing season. But even if you're reading from somewhere else, you still might find it interesting.
As you may know, there are some important tax changes coming up for the 2025 tax filing season. In this post...
Is Trump’s $2,000 Tariff Check Really Coming? In this blog post, I break down what Trump’s proposed tariff rebate actually means for the average American. There’s a lot of confusion online about how this $2,000 “tariff check” would work, who would qualify, and whether it’s financially realistic.
...If you're a small business owner, freelancer, or side hustler, and you hired anyone to do work for you in your business, you might be required to file an IRS Form 1099-NEC. That’s for non-employee compensation. It can feel confusing. I get it—I’ve been there.
The good news is you don’t need to s...
How Business Owners Legally Pay Less in Taxes Using Everyday Write-Offs
Ever wonder how business owners legally pay less in taxes, while employees often get stuck with fewer or no deductions?
It’s not about cheating the system.
It’s about understanding how the system works.
The U.S. tax code i...
Imagine paying a tax that steals from you every single day… without your permission. No one asked for it, no one voted for it, and yet it’s costing Americans more than income tax itself. The truth is, we don’t even realize we’re already paying this hidden tax every single day.
That hidden tax is...
The IRS is laying off thousands of its workers. Over 11 percent of its entire workforce is gone, including nearly a third of their revenue agents.
These are the IRS employees tasked with auditing people like you and me.
And yes, this is happening after the agency received 80 billion dollars in ...
No Tax on Tips? Shocking New Trump Tax Bill Just Passed!
There's a big update from Washington today. The House of Representatives just stayed up all night and officially passed a major tax bill that includes some eye-catching changes.
One of the biggest headlines? The No Tax on Tips Act is movi...
Trump's BIGGEST Tax Cut Promises: No Taxes on Tips, Overtime, Social Security, But Who Pays the Price?
President Trump is promising the biggest tax cuts in American history.
You’ve already heard about the no tax on tips, no tax on overtime, no tax on Social Security, but there’s more.
He’s add...
Today, we're talking about something that could save your side hustle from becoming a tax headache. Did you know that side hustlers added a massive $1.4 trillion to the US economy last year? That’s trillion with a T! But here’s the thing—along with that success comes some serious tax responsibili...
Illinois Is Running Out of Money—Fast
I live in Illinois, and I've lived here most of my life. I love it here. It’s got that Midwestern charm, lovely people, great schools, beautiful Lake Michigan, and an incredible downtown Chicago. There’s so much to do in and around the Chicagoland area.
But...
Today, I want to share a dirty little secret with you.
It’s about the tax preparation industry, and it’s something that could directly impact your private personal information.
Last year, I met Sarah, a single mother. She handed over her tax documents to a tax company she thought she could trus...
