Introduction Running a restaurant or food business comes with high operating costs, fluctuating revenues, and complex tax rules. Fortunately, the IRS offers several deductions and credits that can help...
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 Healthcare professionals, including doctors, nurses, dentists, therapists, and private practitioners, face unique tax challenges due to high income, self-employment taxes, and business expenses. Strategic tax planning can help...
Introduction Truck drivers face unique tax challenges due to long hours on the road, high fuel costs, and out-of-pocket expenses. Whether you are an owner-operator or a company driver,...
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...