Income Tax

The Internal Revenue Service (IRS) is finally recognizing the gig economy. And making your income taxes much easier to fill out and file. The IRS has officially launched its first ever Gig Economy Tax Center. It’s an online portal that aims to help gig workers, freelancers, and independent contractors prepare and file their annual taxes. […]

You’re well within your rights to use every available legal avenue to reduce your tax bill. Tax credits and tax deductions are both powerful instruments for achieving this. However, many laypeople only have an incomplete or vague understanding of what they are and how they work. You’ll need to develop a deep understanding of these […]

As the well-known saying goes, there are only two certainties in life — death and taxes. This axiom is tried and true. Anyone who has tried to avoid paying taxes can tell you as much. To be clear, failing to file a tax return when you are obligated to do so isn’t a good idea. […]

Tax season starts to loom shortly after the calendar turns to the new year, and the Internal Revenue Service (IRS) has introduced a number of new regulations and policies for 2020. The good news is that this year is shaping up to be far less complicated then 2019, when major tax reforms went into effect […]