Business taxes, Estimated Payments, Individual taxes
Third Quarter Estimated Taxes 2025: How to Calculate and Pay on Time If you’re self-employed, run a side hustle, or operate a small business, the third quarter estimated taxes 2025 deadline is approaching fast. Failing to pay Q3 estimated taxes correctly can lead to...
Business taxes, Disaster Tax Relief, Individual taxes
7 Key Facts About Disaster Tax Relief After Severe Weather When severe weather strikes — hurricanes, floods, wildfires, tornadoes — the IRS often provides disaster tax relief to help taxpayers recover. These relief measures are designed to reduce immediate financial...
Business taxes, Deductions, Home Office, Individualtaxes
7 Ways to Maximize the Home Office Deduction in 2025 The Home Office Deduction in 2025 is one of the most valuable yet often misunderstood tax breaks for freelancers, gig workers, and small business owners. By understanding the IRS rules, choosing the right method,...
Business taxes, Individual taxes, Side Hustle
3 Simple Ways to Track Side Hustle Income Without Stress Running a side hustle is exciting, but when tax season rolls around, the bookkeeping side of things can feel overwhelming. If you’re driving for Uber, selling on Etsy, or freelancing online, every dollar...
Individual taxes, Business taxes, IRS Collections, Liens and Levies
Lien vs Levy: 17 Essential Differences You Must Know If you owe back taxes, you will eventually hear the term lien vs levy. These are not the same thing. A lien is the IRS’s claim against your property for unpaid taxes, while a levy is the legal seizure of that...
Business taxes, Side Hustle, Tax Planning, Uncategorized
Form 1099-K vs. 1099-NEC: What Side Hustlers Need to File in 2025 If you run a side hustle in 2025, understanding Form 1099-K vs. 1099-NEC is essential for accurate tax reporting. These two IRS forms often cause confusion for freelancers, gig workers, and online...
