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Small business owners and freelancers can get blindsided by huge tax bills. here are some tax deductions you may be eligible for to help reduce your tax burden and protect your income.

If you love the freedom of gig work but not the big tax bill, you need to think ahead. Here are four ways you can trim your tax bills.

The holidays are here. Not to be a Grinch but right around the corner is a less fondly anticipated time of year. Before you know it, you will be taking down the Christmas tree, pulling down the holiday lights and getting ready for the...

Apparently, reality TV shows are now providing tax advice!. The number one questions across the country this year are from clients attending “real estate” seminars and being told to use their IRA to buy and flip homes....

Cryptocurrency has become an incredibly popular way to invest, but the tax side of this virtual coin can be difficult to navigate. The IRS has gone back and forth over the years on it's stance on cryptocurrency, making it confusing...

Given how high the stakes are, it is surprising how little thought many people give to their taxes. All too often, individuals simply walk into a neighborhood storefront, hand over their most personal information and trust the person...

As tax filing season unfolds, many taxpayers are taking the bull by the horns and doing their own taxes. Though it may seem like good news for the individual taxpayer, it’s important to watch out for common tax filing mistakes....

Congress is currently debating President Biden’s American Families Plan of tax and benefit changes. The Plan would make sweeping changes to our individual tax system and a limited window of time is available to plan for some of...

It is one of the scariest things that can befall a taxpayer - the dreaded notice from the IRS stating you owe them more money you can’t pay. When you open the mailbox and see the return address of the tax agency staring back at...

Whether you are expecting a nice tax refund or preparing to write a big scary check, you know that April 15 is the annual tax filing deadline. What you may not know, however, is that tax day is every day at the IRS, and the tax agency...

Few things are as frightening as opening the mailbox and finding a letter from the IRS, especially when you know you owe them money. The much feared tax agency does not contact taxpayers just to say hello and receiving communication...

A health care power of attorney, your medical decision-maker, plays an important role in estate planning but only if they are alerted to act. One way to make sure your medical decision-maker is alerted is to add them as an emergency...

In order to maintain good credit and to guard against identity theft, you should check your credit reports frequently. Under the Fair and Accurate Credit Transactions Act 0f 2003 (FACTA), you are entitled to one free credit report...

It use to be so simple: Social Security benefits were tax-free. But then as a part of a "Let's Save Social Security" plan, Congress decided to tax up to 50% of your benefits. Later Congress decided to tax up to 85%, allowing the extra...

Moving and trying to decide whether to rent out or sell your present home? If so, consider two important factors:How your choice will affect your cash positionHow willing and able you are to manage a rental property Are you buying...

If you have a qualifying child under the age of 17, you may be entitled to claim this credit. A qualifying child may be a dependent child, stepchild, adopted child, sibling, or step-sibling (or descendant of these individuals), or an...

Did you know that the government shutdown has had an impact on your tax return? Because the shutdown prevented the IRS from doing some of its standard tax season preparation, the filing season will begin a little later and your refund...