Gig Workers & Taxes – What You Need to Know If you’re a freelancer, rideshare driver, delivery worker, consultant, or side hustler, you’re considered a gig worker in the eyes of the IRS. Unlike traditional employees, gig workers are self-employed and must handle their own taxes—which means different rules, deductions, and filing requirements. For the […]

Moving Can Change Your Tax Situation Relocating to a new state affects your state income taxes, residency status, deductions, and potential tax refunds. Some states have no income tax, while others may still require you to file even after you move. To avoid surprises at tax time, this guide explains how moving impacts your taxes,

Don’t Get Caught by the IRS! Cryptocurrency is no longer a tax-free investment—the IRS considers it taxable property, just like stocks and real estate. Whether you’re trading, mining, staking, or earning crypto, you must report it on your tax return. For the 2025 tax season, crypto tax laws are stricter than ever, and failure to

Don’t Shred Too Soon! Keeping tax records is crucial in case of IRS audits, errors, or future reference. But how long should you hold onto tax returns, W-2s, receipts, and other financial documents? The IRS has specific record-keeping rules, and in some cases, you may need to retain documents for up to 7 years—or even

Stay Off the IRS Radar An IRS audit is something no taxpayer wants to experience. While less than 1% of tax returns are audited, certain red flags can increase your chances of getting selected. By understanding what triggers an IRS audit and how to file accurately, you can reduce the risk of unwanted scrutiny. This

Can You Pay Less Than You Owe? If you owe a large tax debt to the IRS but can’t afford to pay it in full, you may qualify for an Offer in Compromise (OIC)—a program that allows you to settle your tax debt for less than the full amount owed. However, the IRS does not

You Have Options for Managing IRS Debt Owing the IRS more than you can afford is stressful, but you’re not alone. Every year, thousands of taxpayers find themselves in a similar situation. The good news? The IRS offers several payment relief options, including installment agreements, offers in compromise, and hardship programs to help you manage

Protect Your Tax Return from Scammers Tax identity theft is a growing problem where criminals steal personal information to file fraudulent tax returns and claim refunds. Each year, thousands of taxpayers become victims, delaying their refunds and creating a stressful situation. To keep your personal and financial information safe, this guide will explain how tax

Introduction: Settle Your Tax Debt Without Stress Owing back taxes to the IRS can feel overwhelming, but you don’t have to pay it all at once. The IRS offers payment plans that allow taxpayers to pay off their tax debt over time while avoiding severe penalties like wage garnishment, tax liens, or bank levies. If

The Consequences of Missing the Tax Deadline Tax Day comes around every year, and missing the filing deadline can lead to penalties, interest, and even IRS enforcement actions. If you haven’t filed your taxes on time, it’s important to know what happens next and how to minimize the damage. This guide explains IRS penalties, late