Category: Featured

As we just came off the rush of the 2022 Tax season, I hear my usual complaints, I pay too much in taxes. My friend did not pay as much as me! They even got a refund.  Where am I going wrong?  The answers are usually quite simple. Where did we go wrong? Did you… Continue reading Tax Season Complaints: I have to pay taxes?  I will never retire.

As the tax season ends, it’s important to remember that paying taxes is not a once-a-year activity. The government describes taxes as pay-as-you-go, meaning taxes need to be paid as you earn or receive your income hence the tax withholdings on your paychecks. But if you’re a small business owner, self-employed, independent contractor, locum tenens,… Continue reading Estimated Quarterly Tax Payment Reminders

If you’re a 1099 contractor or CRNA, filing your taxes on time is not always realistic. In many cases, incomplete records, delayed 1099 forms, or complex deductions make it difficult to file by the April deadline. A tax extension for 1099 contractors can provide additional time to file accurately while avoiding unnecessary penalties. An extension gives you more time to… Continue reading Tax Extension for 1099 Contractors: How to File and Avoid Penalties (2026 Guide)

For high-income 1099 contractors and CRNAs, taxes often become one of the largest expenses. Many rely on S-Corp strategies but overlook one of the most powerful tools available, understanding real estate professional status requirements under IRC Section 469.  When structured correctly, REPS may allow real estate losses to offset active income, provided the taxpayer also meets the applicable… Continue reading Real Estate Professional Status (REPS): Tax Strategy for High-Income 1099 Contractors in 2026

The Inflation Reduction Act (IRA), which was signed into law last August 2022, commits to bring more to the table than just reducing the looming effects of soaring inflation. One of its goals is to fight climate change by mitigating pollution through the promotion of a clean energy economy. The law has several provisions and… Continue reading Electric Vehicle Charger Tax Credit

Hair experts (also called barbers, stylists, hair specialists) are confident that when a customer sits in the chair, he/she will leave with a gorgeous hair. However, as sure as they are that hair will grow, they can also be sure that taxes will follow.   This article talks about our hair experts and hair taxes… In… Continue reading HAIR EXPERTS and TAX SECRETS

For many of us, our residence is our most valuable asset. But what if we sold our home? As a taxpayer, our primary concern is how to save on taxes on the sale of our home. With the rising prices of homes for sale, could you possibly sell and pay zero taxes on your realized… Continue reading Sell Your Primary Residence and Pay Zero Tax!

Being a woman in the business world can be challenging due to gender-related biases such as limited access to capital funds and networking opportunities, and gender-based discrimination, making it difficult for them to start and grow a successful business. Nevertheless, women entrepreneurs have succeeded over these barriers and have shown significant contributions to the world… Continue reading Woman-Owned Business Certification

For traveling healthcare professionals, understanding tax home rules for CRNAs is essential. CRNAs, locum tenens physicians, and nurse practitioners often work across multiple states and short-term contracts. Because of this mobility, the IRS evaluates where their tax home is located before allowing certain deductions.  Many contractors assume their tax home is simply where they live. However, under IRS rules, a tax home is typically the main location where a person earns income or conducts business. … Continue reading Tax Home Rules for CRNAs: What Traveling Healthcare Professionals Must Know