Tax Tips & Information
Learning Articles
Everything you’ll need for
Setting Up A Payment Plan
We recommend handling the IRS on your own ONLY when you owe less than $5,000! If your balance is under $5,000 and you do not have any o...
Mileage Deductions
Deductible Mileage A self-employed independent contractor (1099) can claim a deduction for miles driven to a job assignment. You cannot...
Tax Preparation Checklist
Download the Checklist Personal and Dependent Information: Name Date of Birth Social Security Card/ITIN/ATIN Last Year’s Tax Retu...
IRA’s, 401(K)’s and Other Retirement Accounts
What Are the Tax Benefits of Different Types of Retirement Plans? There are many different types of retirement plans, all have differ...
Taxes For Rideshare / Uber Drivers
I’m a Rideshare Driver…Now What? Uber/Lyft drivers are popping up everywhere! It’s become the new way to make money and the best ...
Audit Defense Survival
Delay the audit Postponing your audit can really work to your advantage. The IRS must complete an audit within three years of the time ...
Understanding Your IRS Notice
Receiving tax notices, collection notes and audits Most everyone hates mail from the IRS. And the IRS knows this. Currently, their lega...
Tax withholding
In this lesson, we’ll tell you how to get the most out of your withholding and what exemptions, adjustments, deductions, or credits y...
Deductible Expenses for Farmers
Deductible Expenses for Farmers Of course, you always have expenses when running a business. Imagine you’ve collected in a pot all th...
Truck Driver Tax Check list
Download the Checklist Cleaning Supplies Misc. Supplies Transportation Expenses Hand Cleaner Paper Towels Portable Vacuum Trash Bags Wi...
State Corporation Requirements
Whether you are just starting a business or incorporating a business already in existence, it is helpful to know and understand the for...
Starting a Business
When starting a business, there are so many things to worry about, from where will it be located? To how many employees do I need? All ...
Opening and running a Small Business
Opening and Running a Small Business Time for a little Business 101. If you’re confident you already understand major business entiti...
Hobby Farm Loss Rule
Overall the IRS really does allow a lot of benefits and deductions to Farmers and other business owners. As a business small-business o...
Hiring Employees
Hiring Paperwork Unless you’re going into business alone, you’ll eventually have to do hiring paperwork. Today’s lesson sh...
Farming Q & A
Did you receive any payout from crop insurance policies? If the answer is yes, then this may be considered income! You will need to acc...
Estimated Tax Payments for Self-Employed
What does “Self-Employed” mean? The answer seems obvious, right? Remember: there are no stupid questions; when it co...
Employment Taxes
Employment and Payroll Taxes We’ve already discussed tax requirements for employers to some degree in a previous lesson. Any person w...
Employee or Self-Employed
Hiring Employees It’s nice to do things your own way, isn’t it? Surely. But, after awhile, you may find that the dirty details add ...
Employee Benefits
In this lesson, we’ll discuss the various benefits that you might provide as a small business owner to your employees and why doing s...
Deductible Business Expenses for Farmers
Of course, you always have expenses when running a business. Imagine you’ve collected in a pot all the money you made from farming, a...
Closing a Business
Whatever the reason–whether due to financial strain, or pursuit of a new venture–it’s important to allow yourself amp...