1099-NEC The 1099 threshold has been a topic of discussion for a while in our post-COVID era. It feels as if each administration changed what its predecessor did about the reporting requirements. The One Big Beautiful Bill made changes to the 1099-NEC filing requirements. These changes went into effect on January 1, 2026. This article is to clarify what your reporting obligations are if you paid non employees compensation during 2025. Not complying can result in hefty IRS civ

The United States Postal Service made an update to its postmark rule in 2025. It went into effect right before the year ended on December 24th, 2025. This update changes when the IRS will date the mail that they receive. I've seen people discussing how this will affect absentee voting ballots, medication, and even those who pay bills by mail. But my main concern is for you, the taxpayer, and how this will affect communication with the IRS. The IRS has a mailbox rule that they

The United States government shut down on October 1st, 2025. This was due to Congress not being able to settle a budget dispute. This...

Here is something you can bet on and win every time. The Internal Revenue Service (IRS) wants you to report and pay taxes on all your income. Yes, that includes the income that's not reported by a third party. It's a common misconception, that if you don't receive a tax document you don't have to report it. But that is not true. This means yes, gambling winnings are taxable income .

The American Rescue Plan Act signed on March 11th not only provided the 3rd stimulus checks of $1,400 it also expanded the child tax...

The United States has the world’s highest rate of children living in single-parent households according to a recent Pew Research Center...

The United States saw a 3.4% drop in giving from individuals in 2018 following the Tax Cuts and Job Act (TCJA) of 2017 according to the 2019 Giving USA report. This is due to the standard deduction doubling, which left many taxpayers unable to itemize and therefore having no incentive to give to organizations they had given to in the past.

2020 was the year of all people being tax people. There was and continues to be a lot of misinformation about taxes going around on the...

Tax time is here! Covid-19 has brought about a lot of tax changes due to the different relief actions that the Government provided during...

Let's be honest: taxes are a topic that most people hate to think about, especially if they end up owing money in back taxes every year....

I've noticed in my time of being a tax professional, even before I became an EA, that one reason that people owe the IRS is because they...

Debt SUCKS! It controls your life and wears you down. When you owe the IRS they control your life. They tell you what you will pay them...

We have seen the 2020 Presidential Election in the news consistently for months! Americans chose sides based on their ethical beliefs. Is that the most important thing to base your vote on, the candidates view points on American jobs? Abortion? Supreme Court Nominees? I think all of these are very important but there is also another huge factor that I don't believe the American people are paying attention to, how this election will affect their taxes.

I've noticed on my social media timelines that people have been making statements such as "the IRS only has 10 years to collect taxes from you". Just like most things circulating on social media, this is only true to a certain extent but leaves out some very critical information. I want to share that information with you in this article.

Whether you file the simple 1040 or a complex 1040 with a raft of schedules, making a mistake on your return could lead to big tax...

2020 has been a financially devastating year for many hard working Americans. Some of us have been faced with problems like losing...

***When this article was initially published the calculated savings included Medicare tax too. That has since been edited to reflect on...

Working from home can be a dream come true, especially if you also work for yourself. Opportunities for freelancers, gig workers and...