Tax Hoots

The IRS has made significant changes to 1099-K reporting that could affect small business owners, freelancers, and landlords. If you accept payments through platforms like PayPal, Venmo, Square, or Stripe,

Tax season for 2025 begins on January 27th, marking the first day the IRS will begin accepting and processing tax returns for the 2024 tax year. This is a crucial

The devastating wildfires in California have left countless residents and businesses grappling with significant losses. Recognizing the challenges these disasters bring, the Internal Revenue Service (IRS) and the California Department

As we approach the new year, small business owners must stay ahead of the curve when it comes to tax planning. The tax landscape is constantly evolving, and 2025 is

Small businesses face numerous tax filing obligations, and adhering to tax deadlines is essential to avoid penalties. Among these are the requirements for filing W-2s, 1099s, and unemployment tax reports.

Getting married in 2024 is an exciting milestone, and while planning your wedding and embracing married life, understanding how marriage affects your taxes is crucial. From changes in your filing

For self-employed individuals, freelancers, and small business owners, managing quarterly estimated taxes is a critical part of staying on top of financial obligations. Missing these deadlines can lead to penalties

Selling a house can be one of the most significant financial events in a person’s life. It involves not only transferring ownership but also understanding the tax implications, managing potential

The IRS has recently unveiled the 2025 tax brackets, along with updated standard deductions and other tax-related inflation adjustments for the 2025 tax year. These adjustments are made annually to