Today, we're talking about something that could save your side hustle from becoming a tax headache. Did you know that side hustlers added a massive $1.4 trillion to the US economy last year? That’s trillion with a T! But here’s the thing—along with that success comes some serious tax responsibili...

The IRS Is Changing 1099K Reporting: Here’s What You Need to Know

If you’re a freelancer, small business owner, side hustler, or even just someone who makes online transactions, the IRS has new tax rules that you need to be aware of. These aren’t just small tweaks—they’re big changes that could ...

If you're a freelancer, small business owner, or side hustler—or anyone using payment apps—you need to pay attention. The IRS has made big changes to how they track your income in 2024, and these changes could mean a much bigger tax headache when filing your taxes.

No one likes surprises at tax ...

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 aimed at simplifying the tax puzzle for your si...

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 aimed at simplifying the tax puzzle for your si...

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 y...

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 strategies t...

If you're reading this blog post, you've probably received an IRS Form 1099-K, and you want to know what to do with it.

Can you ignore it, or do you need to report it on your tax return?

Short answer, you do need to report it on your tax return or face receiving a nasty letter from the IRS with...

Breaking news! The IRS just announced they're delaying and revising the 1099K reporting changes that were supposed to go into effect starting this year 2023.

As you probably know, payment settlement entities were planning on issuing 1099K tax forms to individuals and online sellers who received $6...

A lot of people wonder about how to pay taxes as a result of doing side hustle work, or what some call "gig economy work." It might seem hard to understand at first, but don't worry. Today, we're going to talk about it in a way that's super easy to understand.

In this blog post, I’m going to go ...

So you’ve got a side hustle. And you might be wondering if you really need a tax ID number, also referred to as an EIN. In this blog post, I’ll discuss whether or not you should get an EIN or employer identification number for your side hustle business.

An EIN is a nine digit number assigned ...

A question that comes up quite frequently is, what should you do if you can’t pay your taxes or if you can’t pay your taxes on time? It’s a great question, it’s actually a common question, and whatever you do, don’t panic.

In this article, I’ll share some ideas on what to do along with minimizin...