Introduction Artists and creative professionals, including freelance designers, musicians, photographers, writers, filmmakers, and visual artists, often have irregular income, high self-employment taxes, and numerous business expenses. Whether you earn...
Introduction Musicians, performers, and entertainers often have irregular income, travel expenses, and self-employment taxes, making tax planning essential. Whether you’re a freelance musician, touring artist, actor, comedian, or producer,...
Introduction Teachers often spend their own money on classroom supplies, professional development, and continuing education, yet many are unaware of the tax deductions and credits available to them. Whether...
Introduction Real estate agents operate as independent contractors or self-employed professionals, making tax planning crucial for maximizing deductions and reducing taxable income. Since agents often incur significant business expenses,...
Introduction The IRS 1099-K reporting rule has changed in 2025, affecting small businesses, freelancers, and gig workers who receive payments through third-party platforms like PayPal, Venmo, Square, eBay, and...
Introduction The IRS is intensifying efforts to combat tax fraud in 2025, focusing on high-income earners, cryptocurrency transactions, unreported income, and fraudulent deductions. With increased IRS funding, audit rates...
Introduction Self-employed individuals face unique tax obligations, including self-employment tax, estimated quarterly payments, and business deductions. The new tax laws for 2025 bring several changes that impact freelancers, gig...
Introduction The IRS has introduced stricter reporting requirements for side hustle income in 2025, affecting freelancers, gig workers, and independent contractors. With the expansion of third-party payment reporting and...
Introduction Each year, the IRS updates tax policies to reflect economic conditions, legislative changes, and enforcement priorities. The 2025 tax year brings several key updates that affect individuals, businesses,...
Introduction If you received income reported on a Form 1099 and failed to include it on your tax return, the IRS will likely detect the omission and may issue...