Is Your Side Hustle a Hobby or Business?
It seems like “side hustles” are all the rage these days. But come tax day, the tax treatment of these endeavors can […]
Home Improvements and Home Energy Credits
With summer on our doorstep, the thoughts of many people go to home improvements that should be done now that the weather […]
Changes to Form W-2 Reporting
If you’re a business owner, you should be aware that the SECURE 2.0 Act has changed how some amounts are reported on […]
You Missed the Tax Deadline. Now What?
If you missed the April tax filing and payment deadline, you should file as soon as you can. If you missed the […]
Earned Income Tax Credit Eligibility
The Earned Income Tax Credit (EITC) is the federal government’s largest refundable tax credit for low to moderate income workers. Almost a […]
Reporting Digital Assets, Gig Economy, and Other Income
Most people who are traditional employees or contractors have their income reported to the IRS on a Form W-2 or a Form […]
Know the Facts About Form 1099-K
Will people will get a Form 1099-K from friends and family sending them personal payments? Payments from friends and family should generally […]
Getting Ready to File Your Tax Return
We are in the midst of tax season, and although many people have already had their tax return prepared and filed, many […]
Tax 101: Credits and Deductions
If you’re not a tax professional, some of the lingo used when talking about taxes might be a little confusing. Today we […]
Reducing Taxes with Qualified Charitable Contributions
If you are age 70½ or older, you may be able to exclude a qualified charitable distribution (QCD) of up to $100,000 […]