As tax season rolls around, many people turn to DIY tax software to file their taxes. These programs can be a convenient and cost-effective way to file your taxes, but they also come with some risks. One of the biggest risks of using a DIY tax program is the possibility of making mistakes that could […]

In today’s world, it seems like everyone is calling themselves a financial expert. From social media influencers to bloggers, it can be challenging to determine who is genuinely knowledgeable and who is just trying to capitalize on the trend. However, the reality is that anyone can call themselves a financial expert, regardless of their qualifications […]

When it comes to running a business, there are many ways to save money and maximize your profits. One way to do this is by hiring your child to work in your business. However, if you want to take a tax deduction for the wages you pay your child, there are certain rules and limitations […]

TikTok has exploded in popularity over the past few years, with millions of users sharing short videos on everything from dance trends to cooking tutorials. However, one area where TikTok may not be the best source of information is tax advice. While some TikTok creators may offer well-intentioned advice, there are several reasons why you […]

As a taxpayer, it is important to understand that you are ultimately liable for the information included on your tax return. This means that if there are any mistakes or inaccuracies on your return, you could be held responsible for any resulting penalties or fines. The IRS has a system in place to help ensure […]