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...

Today, I want to share a dirty little secret with you.

It’s about the tax preparation industry, and it’s something that could directly impact your private personal information.

Last year, I met Sarah, a single mother. She handed over her tax documents to a tax company she thought she could trus...

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 ...

Imagine earning billions of dollars annually and paying zero dollars in federal taxes. Sounds unbelievable, right? But for Tesla, the electric vehicle powerhouse led by Elon Musk, it's a reality.

While hardworking families get their taxes deducted every paycheck, some of the wealthiest companies...

How to Secure Your IRS Tax Account and Protect Yourself from Identity Theft

Your personal information has likely been exposed to one of the largest data breaches in history. Even if you've been careful, a massive hack at National Public Data has compromised the personal details of millions of Am...

This year, the stock market has seen a strong run, and many investors have enjoyed gains in their portfolios. But what if some of your investments didn’t do as well?

Here’s the good news: even if you’ve had losses, you can use them strategically to reduce your tax bill. Stock loss harvesting can...

Did you know that a few easy tax moves could save you hundreds, if not thousands, come tax season? With changes in tax brackets, an increase in the standard deduction, and some new IRS reporting rules, 2024 is shaping up to be a year with a few surprises—and some costly mistakes to avoid.

In thi...

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, teaching instructor, tax expert, and news contributor on sites like Newsmax, Fox News, ABC, just to name a few.

He was...

Could the 2024 presidential election completely wreck your taxes? The stakes couldn't be higher, and the consequences could be even bigger. Whether you're rooting for Kamala Harris or Donald Trump, their tax plans are set to make waves that could seriously shake up your finances. We're talking ab...

Last week, I had the opportunity to attend the IRS Tax Forum in Chicago, Illinois. Although it wasn't initially on my agenda, the event was right in my backyard, so I decided to seize the chance. It was my first time attending, and I found it to be quite enlightening.

One of the highlights was s...

Last week, I had the chance to attend the IRS Tax Forum in my hometown of Chicago, Illinois. It was my first time attending such an event, and I found it incredibly enlightening. The forum was a three-day event packed with informative seminars throughout the day, featuring many top IRS officials,...

Summer Tax Hacks: How Parents Can Save Big on Summer Camp Expenses

Summer is here, and if you have kids, they’re probably enrolled in summer camp. Did you know that these expenses may be deductible on your taxes? Today, I’ve got a hot tip that might just make your summer a little cooler, especia...