Filing your taxes can be a stressful experience, especially if you receive a notice that you owe the IRS money! This is known as a balance due on your tax return, and it means that you must pay the amount listed in full by the deadline. Let’s break down what this means for taxpayers and…
What’s the Difference Between a W2 and 1099?
As an American taxpayer, understanding the difference between a W2 and 1099 is essential for filing your taxes properly. But what exactly is the difference? This blog post will explain what makes each form unique and how you can decide which is best for you. W2 vs 1099 A W2 and 1099 are two different…
Can I Deduct My Netflix Subscription from My Taxes?
With tax season underway, many taxpayers are wondering if they can deduct their Netflix subscription from their taxes. While there isn’t a straight yes or no answer to this question, there are certain rules that may allow you to deduct your streaming services from your taxes. Let’s explore how entertainment expenses might be deductible. The…
Patronage Dividends: What you need to know
For many individuals who belong to a co-op, you are probably used to receiving a 1099-PATR, and you probably give it to your accountant thinking they know what to do with it. Never asking the question “are all patronage dividends the same?” Most tax professionals will list it as miscellaneous income on a schedule F or…
Which Depreciation Method is most Frequently Used in Businesses Today?
Are you trying to find out Which Depreciation Method is most frequently used in business Today? We can help explain this. Keep reading and find out. What is Depreciation? Depreciation is the process of allocating the cost of a tangible asset over its useful life. This means that the cost of the asset is spread…
Lucid Air Tax Write Off 2022-2023(Best Tax Deduction)
Are you a Small Business Owner who is looking to Learn How to Maximize your Tax Savings using a Lucid Air? Do you want to Learn what amount is tax deductible and how to qualify for maximum Section 179 and Bonus Depreciation? In this article we will be discussing how to get Maximum(100%) Lucid Air…
Income Tax Brackets for 2023
Income Earned Between Jan 1, 2023 and Dec 31st 2022(Taxes Return due in April 15th 2024) Do you want to Learn how 2023 Federal Income Tax Brackets Apply to your taxes? Do you know Single, Married filing jointly, Married Filing Separately, Head of Household Taxpayers have different tax tables? We have put together different tables…
Best Business Ideas To Start Near Freeway (Highways)
Are you looking to start a business near Freeway(Highway)? We have compiled the best business ideas to start near freeway(highway). We recommend looking at details for each business and picking a business that works with your skillset and budget. What are Best Business Ideas To Start Near Freeway(Highway)? Starting a Small business is very risky…
Is Doordash worth it after taxes? (in 2022)
So, you’re considering signing up for DoorDash and are curious whether or not it’s worth it after taxes. That’s definitely a valid question! In this post, we’ll break down what your earnings potential looks like as a Dasher and how much of that will end up in your pocket after Uncle Sam takes his share….
What Is a High-Profile Vehicle?
High winds are one of the leading causes of car accidents in the United States. When larger vehicles are tasked with driving through fast winds, they can tip over or swerve into different lanes. These types of vehicles are called high-profile vehicles. Vehicles in this classification include SUVs, box trucks, semi-trucks, and RVs. If you are wondering…
