Taxes

On-Demand (Gig) Economy Tips & Advice From the IRS (2020)

Gig economy income is taxable no matter what the source. This is true if the work is full-time, part-time or if an individual is paid in cash.

IRS Advice for Gig Economy Small Businesses | 2020

IRS provided advice for participants in the gig economy.

What the IRS Wants You to Know About Excise Taxes

Information provided by the IRS that relates to excise taxes.

What the IRS Wants You to Know About Your 2019 Estimated Tax Payments

Using the new IRS paycheck checkup tool can help taxpayers avoid an unexpected year-end tax bill.

What is the Difference Between a Small Business and a Hobby (For Tax Reasons)?

The IRS considers these factors when determining the difference between a business and a hobby.

14 Million Taxpayers Have Claimed the 2018 Small Business Tax Deduction

What the IRS Wants You to Know About Car Expenses, Deductions and Taxes | 2019

What the IRS Wants You to Know About Backup Withholdings

Qualify for a Home Office Deduction and You’ll Save on Your Tax Bill (2019)

What the IRS Wants Small Business Owners to Know About Depreciation

What the IRS Wants a Small Business to Know About Reporting Cash Payments

What Business Owners Should Know About the 20 Percent Tax Deduction

Eligible taxpayers can claim the deduction for the first time on the 2018 federal income tax return they file in 2019.