Articles from November 2024

Every Tax Deadline You Need to Know in 2025 

Knowing important tax deadlines in 2025 is essential for staying compliant and avoiding late penalties. Whether you’re an individual taxpayer, business owner, freelancer, or part of a corporation, being informed far beyond the typical April 15th tax deadline is key. This guide covers every key tax deadline, from individual tax returns to quarterly filings for […]

How to Report Passive Income 

Passive income includes earnings from sources such as rental properties, limited partnerships, or other enterprises in which you’re not actively involved. Reporting passive income properly is crucial because failing to do so can result in IRS penalties, audits, or other legal issues. This guide will help you understand the basics of passive income, how to […]

How to Fill Out a W-4

When taxpayers report smaller refunds, more often than not, they can be credited to an outdated Form W-4. Unbeknownst to some, a W-4 needs to be updated whenever certain life changes occur. If it’s outdated, you may not have enough tax withheld during the year. This basically results in a smaller refund at tax time. […]

Avoid IRS Penalties: Key Tax Deadlines!

Taxpayers who unknowingly fail to pay their tax burden to the IRS could wind up drowning in additional interest and penalties that are tacked on to their overall tax balance. CEO David King and Lead Tax Attorney Philip Hwang provide helpful insight on upcoming tax due dates and how taxpayers can resolve their tax liability […]

How to Prepare for the New 1099-K Thresholds in 2025 

The IRS will enforce new reporting thresholds for 1099-K forms starting in 2025. The changes will impact gig workers, freelancers, and small business owners, particularly those operating in the gig economy or e-commerce. Understanding these updates and planning accordingly can help avoid surprises come tax season. Let’s break down what’s changing with the 1099-K thresholds, […]