Join us on Wednesday, June 25th any time between 9:00 am and 5:00 pm
Pacific Time for our latest installment of our Ask the Experts event
series. A side gig is a real business and you get to treat it as such -
tax breaks and all! We’ll be here to ans...read more
I have been umpiring youth sports since January of this year. I will
receive multiple 1099s from the schools that I have officiated at. Our
family has just formed a LLC in Arkansas for the purpose of sports
officiating training, certification and man...read more
I have two sole proprietorship businesses, completely unrelated. I use
my office extensively for both of them. How strictly do I have to
"separate" them from my personal work when it comes to "dividing" the
office space?
PR311Posted a week ago
| Latest post a week ago by
carolineb
My husband will be receiving a bonus in December 2025. 1. What do we
need to prepare for? 2. How do bonuses affect our tax bracket and
overall liability? 3. Can or should his employer withhold more taxes on
bonuses to avoid underpayment penalties? 4....read more
ljb322Posted a week ago
| Latest post a week ago by
DRich5
My daughter has a significant amount of student loan debt (approx.
$100k) She and her husband have been filing jointly on their taxes but
recently were told that if they file married but separate, it could
reduce her student loan payment. She also qu...read more
ljb322Posted a week ago
| Latest post a week ago by
DRich5
I am a licensed attorney and have worked for 40 years as a lawyer in
private practice on my own as a solo practitioner. I just turned 67
years old, have a medical issue and stopped taking new cases January
2023. I did not generate income as a lawyer ...read more
Hello, I have a W-2 full-time job but also earn side income through
teaching aquatics training courses for various city pools. With this
side gig I have to fill out 1099s. I have a few questions because of
this: 1. Do I need to pay quarterly estimate...read more
ljb322Posted a week ago
| Latest post a week ago by
SwapnaM
Can you explain what is an reasonably acceptable mileage log for a
rideshare/delivery driver? The requirements I am seeing makes it sound
like every stop needs to be recorded, and that just seems
excessive/unreasonable for this industry. It would be ...read more
AdamD1Posted a week ago
| Latest post a week ago by
SwapnaM
Hello! I have a newly formed LLC. My wife also has an LLC for her book
publishing. We have a Roth IRA for my (now 4 yr old) daughter. We would
like to employ her in both of our businesses and pay her, so she can
contribute to the Roth IRA. Can you pl...read more
atanuPosted a week ago
| Latest post a week ago by
K M W
What employee benefits are deductible and/or pre-tax benefit accounts
are allowed if you are an owner / employee (spouses) of an S-Corp with
no other employees and provides HMO healthcare coverage? e.g. 1.
Healthcare plan cost is deductible? Any othe...read more
ashfozzPosted a week ago
| Latest post a week ago by
Katie-P