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...
Tax Planning, Business taxes, Side Hustle
How to Report Side Hustle Income (Even If You Didn’t Get a 1099) If you run a side hustle, you must report side hustle income to the IRS — even if no one sent you a Form 1099. Whether you’re freelancing, driving rideshare, selling online, or doing gig work, all side...
AMT, Estimated Payments, Individual taxes, Uncategorized
AMT 2025 Exemption Changes: Who’s Affected as Exemptions Shift Alternative Minimum Tax (AMT) exposure is shifting again in tax year 2025 due to inflation adjustments. If you’re a higher‑income filer—or you expect a large year‑end event like stock option exercises or...
Individual taxes, Tax Planning, Tax Policy Updates
No Tax on Tips Act (2025–2028): What Service Workers Need to Know Focus Keyword: No Tax on Tips Act The No Tax on Tips Act, signed into law in 2025, offers a groundbreaking tax break for tipped workers. Under this temporary provision, eligible service employees can...
Business taxes, Digital Services
What U.S. Freelancers Should Know About the Global Digital Services Tax Freelancers and online entrepreneurs in the U.S. are increasingly serving a global client base. But with that growth comes a new wave of international tax complexity—especially when it comes to...
Business taxes, Individual taxes, Side Hustle, Tax Planning
Understanding Side Hustle Taxes: What Every Hustler Must Know If you’re freelancing, driving rideshare, designing logos, or monetizing content online—you’re part of the growing gig economy. But here’s the reality: side hustle income is taxable. The IRS...
Business taxes, Individual taxes, IRS, Uncategorized
In 2025, the Internal Revenue Service (IRS) reduced its workforce by approximately 25,000 employees, resulting in a total headcount decline of over 25%. These IRS staffing cuts mark a significant shift in the federal agency’s operational capacity and influence both...
Business taxes, Home Office, Individual taxes, Side Hustle, Uncategorized
Side hustle income is taxable income—and if you’re not treating your hustle like a business, you’re setting yourself up for trouble. The Complete Guide to Building and Taxing Your Side Hustle Right is now available—a practical, high-impact e-book written by a...
