Category Archives: Self-Employed

Resources on IRS.gov Help All Taxpayers Understand Tax Reform

The following article was published by the IRS. IRS.gov is a great place for taxpayers to visit when they have questions about the Tax Cuts and Jobs Act. The legislation, which was passed late last year, includes changes to many … Continue reading

Posted in IRS, Planning Strategies, Self-Employed, Tax Law Changes, Tax Tips, Taxes | Tagged , , , , , , , | Leave a comment

Like-Kind Exchanges – Real Estate Tax Tips

The following article was published by the IRS. Like-kind exchanges — when you exchange real property used for business or held as an investment solely for other business or investment property that is the same type or “like-kind” — have … Continue reading

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A Summer Job in Sharing Economy May Affect Taxes

The following article was published by the IRS. A college student wanting to do something other than wait tables. A teacher needing to make a little extra money. A family wanting to rent out their home while they’re on vacation. … Continue reading

Posted in EFTPS, IRS, Personal Taxes, Planning Strategies, Real Estate, Self-Employed, Tax Tips, Taxes | Tagged , , ,

Tips for Teenage Taxpayers Starting a Summer Job

Now that school’s out, many students will be starting summer jobs…from working at a summer camp to being an office intern. The IRS reminds students that not all the money they earn may make it to their pocket. That’s because … Continue reading

Posted in IRS, Military, Payroll, Personal Finance, Personal Taxes, Planning Strategies, Self-Employed, Tax Tips, Taxes | Tagged , , , , , ,

Do I Have to File a Tax Return?

Every year there is a subset of people who ask themselves if they have to file a tax return. The best way to find out the answer to this question is by checking out the Interactive Tax Assistant on IRS.gov/ITA … Continue reading

Posted in E-file, EITC, Government, IRS, IRS Video, Personal Finance, Planning Strategies, Self-Employed, Tax Credits, Tax Tips, YouTube | Tagged , , , , , , , , , , , , , , , , ,

Get Ready for Taxes: Filing Electronically a Safe, Easy Way to File

The following article was published by the IRS. The Internal Revenue Service said recently that it expects more than 90 percent of all 2017 individual tax returns to be prepared using tax software. The majority of those will be e-filed. … Continue reading

Posted in Accounting, Compliance, E-file, Personal Finance, Personal Taxes, Planning Strategies, Self-Employed, Taxes, Year End | Tagged , , , ,

Standard Mileage Rates for 2018 Up from Rates for 2017

The following article was published by the IRS. The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. … Continue reading

Posted in Accounting, IRS, Planning Strategies, Self-Employed, Small Business Association (SBA), Tax Deductions, Tax Relief, Tax Tips | Tagged , , , , , , , , , , , , , , ,