Beware of Social Media Scams Around Fake Tax Credits!

Navigating the world of taxes can be daunting, especially with the plethora of information swirling around on social media. Recently, the IRS has issued a consumer alert regarding misleading claims about a so-called “Self-Employment Tax Credit.” This non-existent credit has been heavily marketed, causing confusion and leading many well-meaning taxpayers to file incorrect claims. The …

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Every Day I’m (Side) Hustling: Tax Tips and Tricks to Turn Your Hobby into Business

In today’s gig economy, many of us find ourselves juggling multiple roles – from our nine-to-fives to our passion projects and side hustles. Whether it’s crafting handmade jewelry, writing a blog, or providing freelance services, these activities can blur the lines between a hobby and a business. But when it comes to taxes, understanding this …

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IRS Offers Tax Relief for Storm and Flood Victims

The IRS has announced tax relief for those in Massachusetts affected by severe storms and flooding starting September 11, 2023. If you or your business are in the designated disaster areas, specifically Bristol and Worcester counties, you now have until July 31, 2024, to file various tax returns and make payments. Who Qualifies for Relief? …

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Living Abroad Doesn’t Mean You Can Say Bon Voyage to US Taxes!

It’s long been a joke that the only things certain are death and taxes, and while this is perhaps a comic overstatement (at least as far as taxes are concerned), it is indeed really, really hard to avoid paying taxes – even if you live abroad. Today, we’re diving into an important reminder for those …

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