How to Pay Yourself as a Business Owner
The facts on paying yourself as a business owner: salary vs. owner’s draw, what each business structure allows, how taxes work, and common questions answered.
Business Finance, Self-Employed Taxes
Self-Employed Taxes, Tax Forms
Your Guide to Form 1099: What You Need to Know
The facts on IRS Form 1099: who sends and receives them, the types of 1099 forms, filing deadlines, and answers to common 1099 questions.
Business Finance, Self-Employed Taxes
How to Write Off a Car for Business: LLC and Self-Employed Vehicle Deductions
The facts on deducting a business vehicle: who qualifies, standard mileage vs. actual expenses, Section 179, bonus depreciation, 2025-2026 limits, and recordkeeping.
Business Finance
What Is an EIN and Why Do I Need One?
An employer identification number (EIN) is a unique nine-digit business tax ID the IRS uses to identify a business for
Tax Planning
Can You Lower Your Tax Bill After Filing?
If you filed your return and owe more than expected, there are two separate paths depending on why: an error
Self-Employed Taxes
Venmo Taxes: What You Need to Know Before You File
Not all Venmo payments are taxable, but some must be reported on a tax return. Type of payment Taxable? Example
Personal Finance
Is Unemployment Compensation Taxable Income?
At a glance Unemployment payments are taxable at the federal level. State taxation of unemployment benefits varies by state. Form
State Taxes
States With No Income Tax
Nine states have no state individual income tax for tax years 2025 and 2026: Alaska, Florida, Nevada, New Hampshire, South
Retirement
Is Social Security Taxable? Guide to Social Security Taxes
At a glance Social Security benefits provide retirement income and are funded by a payroll tax. Whether benefits are taxed
IRS Payments & Penalties
IRS Payment Plans: The Basics
Taxpayers who cannot pay a tax bill in full can apply for an IRS payment plan to pay in installments.