Side Hustle Taxes Part I: Reporting Income & Expenses, and Understanding Deductible Business Costs business tips side hustle taxes tax tips

So you have a side hustle and you're probably confused about how to pay taxes on your side hustle income.

Am I right?

Navigating the tax landscape with a side hustle can be confusing, but you've come to the right place! This is a three-part series designed to demystify the tax implications of...

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Pay Zero Taxes on Your Side Hustle? Uncover the Legal Loopholes! side hustle taxes tax tips taxes

Here's how you can legally pay zero or no taxes on your side hustle income.

Now, I know what you might be thinking – the idea of paying little to no taxes on your side business income might seem too good to be true. But stick with me!

We will explore some completely legal and smart...

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What is The IRS First-Time Penalty Abatement: How Does It Works? individuals irs tax tips

If you owe any amount of money to the IRS, I'm pretty certain there would be penalties included in the tax-due amount. These penalties can add up, sometimes even doubling the amount due.

In this blog post, I'm going to share a little-known secret to getting those penalties abated with a simple...

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5 Tax Misconceptions You're Getting Wrong individuals tax tips taxes

Did you know that some of the most common things people believe about taxes is actually wrong?

I'm a CPA and I've been unraveling the complexities of taxes for decades. Today, I'm going to share my top five misconceptions about taxes that might just surprise you.

Whether you're a tax pro who...

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Should You Do Your Own Taxes Or Hire a Tax Pro? small business tax tips taxes

When it comes to taxes, you're probably doing it all wrong.

Hiring a Tax Professional vs. DIY

Imagine this... We often find ourselves at a crossroads. One path involves your tax documents and do-it-yourself tax software; The other, an experienced tax professional who will take your...

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TOP 3 FREE Tax Filing Options: VITA vs. IRS Free File vs. AARP irs tax tips taxes

Filing your taxes shouldn't be difficult, and unless it's complicated, it shouldn't be too expensive either. If you think tax filing is a hassle and expensive, I've got some good news for you. There are some free and user-friendly options that can make this process much smoother. However, there...

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Never Fear an Audit Again: Ex-IRS Agent Secrets Revealed! irs tax resolution tax tips

In today's blog post, I've got something special for you -- a YouTube video where I'm sitting down with Michael Sullivan, who's not just any tax expert. He's a former IRS Agent and a familiar face on News Maxx, Fox News, and ABC, just to name a few. 

He was an IRS insider for over a decade....

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How to Open a Roth IRA for My Child? Here's How! investing tax tips taxes

Want to Open a ROTH IRA for Your Kids?

Opening a Roth IRA for them might just be the unfair advantage you need! In this blog post, I'll walk you through the savvy process of setting up a Roth IRA for your child.

YES, it's possible, and YES, I'll tell you exactly how to get it done!

But...

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Top 5 Tax Filing Mistakes You Must Avoid: Expert Tips for 2023 individuals irs tax tips taxes

Today, I have a good story for you. It’s about a young professional named, Karen, who thought she had taxes all figured out  until tax season rolled around. Her mistakes were a bit costly, but they're also incredibly common.

Karen was doing well, living her best life. She had just...

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Can Choosing the Wrong Business Type Ruin Your Business Plans? business formation business tips tax tips

So, you’re starting a business, and you’re probably overwhelmed by the choices from LLC, sole proprietorship, corporation, or partnership.

I’m here as a CPA to explain to you, and break down the pros and cons of each of these business types, and who they’re best for.

...

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Did the IRS just lose $2 Trillion of American Taxpayer Money? employee retention credit tax credits tax evasion tax tips

The IRS has been issuing warning after warning, on how ERC fraud is a huge problem. This is potentially a $2 trillion dollar fraud, according to Accounting Today!

Think of it this way… If the IRS has been defrauded by $2 trillion dollars, that’s our American tax money that’s...

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How to Spot a Fake IRS Letter irs tax tips taxes

Fake IRS letters are going around again. I want to arm you with the information you need so that you never get scammed by a fake IRS letter.

I’ll provide a few examples, and after reading this blog post, you’ll have the information you need to never get tricked by an IRS scam letter....

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