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Janet Berry-Johnson is a Certified Public Accountant. Before leaving the accounting world to focus on freelance writing, she specialized in income tax consulting and compliance for individuals and small businesses. She lives in Omaha, Nebraska with her husband and son and their rescue dog, Dexter.
Would you like to reduce your federal income tax bill? I can’t imagine anyone who wouldn’t prefer to pay less of their income to the federal government. And there are several ways to cut your tax bill or increase your…
If you’re a small-business owner, freelancer, independent contractor, or self-employed person who maintains an office at home, you may qualify for a tax break by using the home office deduction. The home office deduction allows you to deduct a portion…
Do you owe money to the IRS that you can’t afford to pay? You’re not alone. At the end of the 2017 fiscal year, more than 14,000 taxpayers had delinquent accounts with the IRS, with a total balance of assessed tax,…
This tax season, many taxpayers are getting an unwelcome surprise: income tax bills they weren’t anticipating. When that happens, the first instinct is panic. After all, the IRS is not an easygoing creditor. The federal government expects your tax debt…
Do you have a talent that provides value to others? If so, you may have considered turning that skill into a money-making venture. But would that venture be a hobby or a business? For tax purposes, the distinction matters. According…
IRS form 1099 isn’t just one form. It’s a series of forms the Internal Revenue Service refers to as “information returns.” These forms provide information on different types of income you might receive other than wages, salaries, and tips. What…
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