If you are a member of the gig economy, you are not alone. Millions of others have made the same choice, voting with their feet and their time, and leaving the world of traditional employment behind. As a member of the gig economy, you have a lot to look forward to, but tax season is […]
Tax Season
Tax Relief Options for Small Business Owners
If you are running a small business, you have one unwanted partner that will dig into your pocket every year, it’s the IRS. The IRS wants to know what you are doing, how much you are earning and most importantly how much you are paying in taxes, and the tax agency is becoming increasingly aggressive […]
Avoid the April 15 Blues – Take a Step-by-Step Approach to Your Taxes This Year
It is no wonder so many Americans dread the April 15 tax filing deadline. The U.S. tax code already contains more words than the Bible, and hundreds of pages of new rules and regulations are often added. With so much complexity, it is no wonder so many of us put off filing our taxes until […]
What Can the IRS Do to Collect Back Taxes?
Opening the mailbox and finding a letter from the IRS is frightening, but what happens next can be even scarier. The tax agency wields incredible power, and if they claim you owe additional taxes they have many different options for forcing you to pay. When the IRS claims you owe additional money, they will act […]
Four Ways Freelancers and Gig Workers Can Trim Their Tax Bills
It is hard to beat the freedom and flexibility of freelancing and gig work. When you work for yourself, you can set your own hours, turn your home into an office and even ditch the daily commute. All that is great, but there is one thing about freelancing that is much less pleasant. Compared to […]
Operation Hidden Treasure: Cryptocurrency And Your Taxes
Cryptocurrency has become an incredibly popular way to invest, but the tax side of this virtual coin can be difficult to navigate. The IRS has gone back and forth over the years on it’s stance on cryptocurrency, making it confusing even for the most diligent investors. In March of 2021, the IRS announced Operation Hidden […]