Tax season is a time to square up with the government for the prior year, not get an extra check. Sometimes you owe, sometimes you’re owed. It’s simple arithmetic.

The Earned Income Credit is one of the nation’s largest anti-poverty programs and the IRS side eyes Schedule Cs that put taxpayers within EIC range.

One of the most common questions I get this time of year is “do I have to file my business income?”. In this episode I discuss the filing requirements for the different types of business entities.

The IRS uses 9 factors to determine whether your “income producing activity” is a business or hobby. In this episode, I discuss the remaining four of those factors.

The IRS uses 9 factors to determine whether your “income producing activity” is a business or hobby. In this episode, I discuss five of those factors.

You’ve probably seen the posts on social media about starting a business to take advantage of deductions that can help offset your income and save money on your tax return. In this episode, I talk about three reasons why this isn’t actually a good tax strategy.

In this episode we discuss the importance of making sure you classify your workers correctly.

It’s usually pretty easy to determine what should be included in income. However, sometimes it’s not so clear.

In this episode I explain a little more about the strategy of hiring your children to shift your income from good higher tax bracket to their lower tax bracket.