The 1099 form is used to report miscellaneous income to the Internal Revenue Service, such as non-employee compensation, rents, royalties, prizes and awards, payments to an attorney, certain medical and health care payments, and more. The IRS has introduced a […]
Well, first of all, what is exactly an IRS audit? And why do the IRS audit people? An IRS audit is an examination of your information to make sure you’re reporting correctly and following the US tax laws. Basically, the […]
Because of the coronavirus or COVID-19 pandemic, many businesses have closed their offices and working from home has become the normal – whether you started your own business, work remotely for an employer or were sent home for a few […]
Are you self-employed or a freelancer and use your car for business purposes at some time? If so, the business use of your car can be one of the largest tax deductions you can take to reduce your business income […]
Freelancers, if you just started your own business, congratulations, you are one step ahead in this long and terrific journey. Starting your own business is an exciting experience. You will enjoy the freedom of being your own boss, setting your […]