When you work as a driver for a ridesharing company like Uber, Lyft, or another ridesharing service, the important thing to understand about your taxes is that you're probably...
Posted by Pat Raskob on 11/17/2022
The IRS considers an independent contractor as a self-employed or an entity hired to provide a service or work for another entity as a non-employee. Due to that, independent contractors...
Posted by Taxes Made EZ Inc on 10/30/2022
The Earned Income Tax Credit (EITC / EIC) is a scheme to lower the taxes owed by low to moderate-income earners. The EITC, which stands for Earned Income Tax Credit, is refundable...
Posted by Abundant Wealth Planning LLC on 10/30/2022
It's the hottest time of the year, and we can't wait for the holidays to arrive! While tax season is only in the rearview mirror, summer is crucial for making informed tax...
Posted by Pat Raskob on 07/18/2022
The IRS may come requesting the previous record, and it is bad for you to have none. In such a case, you may face serious financial penalties. However, having a record for various...
Posted by Rosovich & Associates, Inc. on 06/10/2022
Having a small business is the dream of many people, even though the intricacies involved in running a business is complicated. When you eventually add taxes each year, it gets tricky....
Posted by Dennis Jao on 05/24/2021
The HEART (Heroes Earnings Assistance and Relief Tax Act 2008) Acts provides tax and retirement benefits for service members who are disabled while on active service for more than...
Posted by KLSM CPA Firm PLLC on 02/23/2021
Form 1099-MISC (miscellaneous income) is an IRS form that taxpayers use to report non-employee compensation. This is generally a commercial payment, not a personal payment.Freelancers,...
Posted by Dennis Jao on 12/12/2020
Caregivers, workers who perform in-home services, for disabled individuals and the elderly work under special tax rules. When a caregiver is employed, it is seen that he/she works...
Posted by Dennis Jao on 09/28/2020
