The Algorithmic Matchmaker
Most IRS scrutiny is not personal.
The IRS uses automated systems to compare the income on your return with W-2s, 1099s, and other forms reported by employers, banks, and clients. One of the easiest ways to attract attention is simply having numbers that do not match.
Before filing, make sure every income…
The 1099 Surprise
A lot of freelancers get their first real tax shock in April.
They saved a little for regular income tax, but forgot about self-employment tax. That is when the IRS bill suddenly feels much bigger than expected.
If you work for yourself, this tax is not optional. It applies to freelancers, contractors,…
Tale of the Tape
When it comes to business vehicle tax deduction rules, every business owner eventually hits a fork in the road. You can take the easy route by tracking miles, or you can track every gas receipt, insurance bill, repair invoice, and depreciation schedule. The right answer depends on the vehicle, how you…