Did you know that the IRS treats everyone equally when it comes to taxes, regardless of age? So, if your child is making some cash from their summer gig, crushing it on Roblox, gaining traction on YouTube, or even exploring the stock market with a youth trading account, it’s crucial to keep the taxman informed if they cross certain income thresholds.
Author Archives: Ken Rogers
What to do when You Can’t Pay Your Taxes
Discover practical solutions for unpaid taxes in our blog, “What to do when You Can’t Pay Your Taxes.” Learn about IRS programs, including installment agreements and offers in compromise, with real-life client stories. Explore online payment plans and negotiation strategies for a fresh start. Subscribe for free monthly tips and checklists, ensuring financial confidence in the face of tax challenges.
Demystifying the R&D Tax Credit
There have been many updates to the Research and Development (R&D) tax credit. And with that comes more internet articles, more R&D Tax Credit marketing and more just plain wrong Tic-Toc-Tax advice. Our clients are not immune to this noise, so we put together this R&D tax credit post to provide the real information.
Clean Energy Tax Credits
We are already getting a lot of questions about the various energy related tax credits. Below you will find a summary to help you complete your tax portals this year.
Making the Most of Your Workspace: A Guide to the Home Office Deduction
Making the Most of Your Workspace: A Guide to the Home Office Deduction
Navigating a Recession or Market Correction
This checklist is really helpful for navigating a recession or market correction. It includes strategies that are especially useful when market valuations are low, like Roth conversions and gifting strategies. Plus, it offers ways to handle tighter cash flow. By focusing on these strategies, you can steer the conversation away from concerns about the future and towards opportunities to make the most of the current market conditions.
Navigating Cash Flow Challenges in Your NY Small Business: A Practical Approach
Cash flow woes – they can be a real headache, right? Through my years of working with clients, I’ve noticed that these problems usually boil down to two main issues. Either there’s a fundamental flaw in the business model, or it’s a matter of timing. Whenever I step in to assist clients, these are the key areas I focus on. And let me tell you, I always keep debt as the last resort.
Navigating Cash Flow Challenges: Tips for New York Small-Business Owners
At My Fiscal Office, we’ve seen many business owners struggle and identified recurring themes that might sound all too familiar.
Understanding Gift Taxes: A Simple Guide for Generous Hearts
Understanding Gift Taxes: A Simple Guide for Generous Hearts. Even if you probably will never have to pay gift taxes, it’s worth getting the answer to common questions we get about this widely misunderstood IRS provision.
Save Money With Year-End Tax Planning
Boost your self-employed income with My Fiscal Office’s year-end tax planning.
