Arts/Entertainment Tax Services

Logging on from your kitchen table instead of the office cubicle was initially a temporary measure due to the COVID-19 pandemic. Today, approximately 26% of Americans are working fully remote, and 52% are working on a hybrid basis. For individuals working for companies across state lines, navigating tax rules can be challenging. The convenience of […]

Have you accumulated a large tax liability and it feels like you have no way out? You may have received a notification stating that the IRS will place a levy on your bank account to collect on a tax balance.

Congress has made the 20% qualified business income (QBI) deduction permanent. That means small business owners have no uncertainty, so you can plan confidently starting in the 2026 tax year and beyond. At the state level, QBI deductions vary. While some states conform with the federal QBI deduction, others opt to decouple — this means […]

It’s almost impossible for a business to survive and thrive without capital expenditures. However, these costs can also skyrocket, making a huge hole in a business’s pocket. Tax deductions can provide a way for businesses to recover some of the costs. However, assets considered capital expenditures are not always tax-deductible right away. This article breaks […]

Whether you publish videos on YouTube or Vimeo, write and post on Substack, sell courses on platforms like Teachable, or engage in similar online content creation and monetization activities, you’re likely looking to optimize your tax savings through various write-offs. Understanding content creator tax deductions and write-offs is crucial if you’re a content creator or […]

A 1099-C form is used for reporting debt cancellation as income to the Internal Revenue Service (IRS) and the individual or entity receiving the canceled debt. It is crucial for tax reporting and compliance. Key aspects of this form include information that affects an individual’s annual tax return and when to file or send it out.

If you’re a small business owner, you’ve probably heard about sales tax. Knowing how to collect, record and remit sales tax can be complicated, especially as your business grows. Keeping up with changing tax regulations can also be challenging. Paying sales tax for your small business is essential because failing to do so can result in fines and even jail time. This guide covers the basics of sales tax, how to stay compliant and what you can expect during an audit.

To keep a small business running smoothly, you need a tax professional. They not only make sure you remain compliant with all tax regulations, but they are also a valuable resource when business owners become entangled with problems.

Many people find starting a small business of their own as easy as a piece of cake. However, most of the time, what they fail to prioritize are some of the major players involved in smoothly operating their small business. A tax attorney is one core character that people often overlook.

“Real Housewives of Beverly Hills” star Dorit Kemsley and her husband Paul have had tax liens filed against them due to not paying taxes for several years. The reality tv star and her husband are accused of owing a total of $1 million to the IRS according to The Blast. The IRS has filed two federal tax liens over unpaid tax bills. The first was filed against the couple for unpaid taxes totaling $635,887.23. The Blast reported that a second lien was filed against just Paul for failing to pay an additional $289,423.67 in taxes. The IRS is starting the process of seizing Dorit and Paul’s assets if the couple does not take steps to pay the taxes they owe.

There are two guarantees in life; death and taxes and there is really no way to escape either of those. People have tried, but Uncle Sam always gets them in the end. Just like everyone has to pay taxes, anyone could get into serious tax trouble, even celebrity millionaires! In this Celebrity Tax Trouble round up, we’ll look at why one actor could be getting into more tax trouble and how a celebrity lawyer is now defending himself against tax evasion.

Whether you own your own business, do freelance work, or drive for Uber, it’s important for you to understand what to do when it comes to filing your taxes. Being your own boss means you also need to have control and knowledge of your finances and be able to stay compliant with the IRS.

Has it been a few years since your favorite NFL team made it to the Super Bowl? New research says it could be due to your state’s taxes. The recent tax overhaul, The Tax Cuts & Jobs Act, made several changes that negatively affect players who reside in states with a high personal income tax or high property tax. The Tax Cuts & Jobs Act eliminated or limited several deductions, including limiting the deduction available for state and local taxes.

Taxes aren’t the most exciting thing in the world, but we thought if we combined America’s favorite pastime with taxes, maybe things would be a little more interesting. We thought it would be fun to dive into the world of NFL players and the ways the new tax law affects their deductions.

Let’s say that you’re lucky enough to hit it big at the track or the casino. Any winnings you have are taxable, and the IRS is consistently updating and revising its rules on how the successful gambling man can pay his taxes.