Estimated Payments, Tax Basics
Common Estimated Tax Mistakes (and How to Avoid an Underpayment Penalty in 2025) If you’re self-employed, freelancing, or running a side hustle, you probably know about quarterly estimated taxes. But even seasoned taxpayers stumble into estimated tax mistakes that can...
Business taxes, Estimated Payments, Individual taxes
IRS Online Payment Options in 2025: Direct Pay, EFTPS, and Card Compared Paying your federal taxes in 2025 doesn’t have to be confusing. The IRS has multiple secure online payment tools—Direct Pay, the Electronic Federal Tax Payment System (EFTPS), and debit/credit...
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,...
IRS Collections, IRS, Tax Debts and Collections
5 Shocking Facts About Passport Revocation for Tax Debt Most taxpayers know the IRS can garnish wages or place liens on property. But few realize the IRS can also trigger passport revocation for tax debt. This enforcement action, known as IRS passport certification,...
Individual taxes, IRS Collections
Offer in Compromise vs. Installment Agreement: 5 IRS Payment Plan Insights When facing IRS debt, many taxpayers—especially side hustlers and small business owners—find themselves weighing Offer in Compromise vs. Installment Agreement. Both are official IRS payment...
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...
Individualtaxes, Tax Credits, Tax Planning
7 Essentials: Child and Dependent Care Credit 2025 The Child and Dependent Care Credit 2025 helps working parents and caregivers offset childcare costs so they can work or look for work. Understanding who qualifies, which dependent care expenses count, and how to file...
