“New IRS Guidance Makes It Harderto Claim Section 530 Safe Harbor” To get my complete articlewith all the details… Are you confident you’re classifying your workers correctly? If you’ve been treating independent contractors as non-employees, you could be walking a fine line — and the IRS is watching. Misclassification can cost you big: payroll tax assessments plus … [Read more...]
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The #1 Reason Tax Deductions Get Denied
“Protect Yourself:Digitize Tax Receipts” To get my complete articlewith all the details… Is Your Credit Card Statement Naked? How about your checkbook? If your credit card statement or checkbook lacks supporting receipts, the IRS considers it “naked”—and that can be a problem when you’re claiming tax deductions. Protect Your Deductions—Go Digital IRS … [Read more...]
If You Hire Freelancers in CA, IL, or NY, You Need To Read This
“Alert: CA, IL, and NY Laws RequireWritten Freelance Agreements” To get my complete articlewith all the details… If your business hires freelancers in California, Illinois, or New York, you need to read this: New state laws now require written contracts—and missing one could cost you double damages, attorney fees, and statutory penalties. Freelancer-friendly … [Read more...]
Wildfires, Floods, Hurricanes Can Produce Tax Deductions
“Deducting Disaster Losses for Individuals:Navigating the Rules” To get my complete articlewith all the details… Wildfires, floods, hurricanes—disasters. The financial toll can be devastating. You can deduct some disaster losses from your taxes. New rules allow certain disaster losses with amended returns for closed years. Recent changes to tax laws have made it … [Read more...]
The IRS Has Your Back in Times of Disaster
“Wildfires, Floods, Hurricanes:How the IRS Has Your Back” To get my complete articlewith all the details… Wildfires, Floods, Hurricanes—What’s the IRS Got to Do With It? When disaster strikes, the last thing you need to worry about is your tax bill. But did you know the IRS has a host of tax relief provisions designed to ease the financial burden for those affected … [Read more...]