The Augusts Rule says that you can rent out your personal residence for less than 15 days per year and it is NOT income.
When you make withdrawals, you will get a 1099-R at the end of the year and you need to report it as retirement income, even if you are not retired, even if you had taxes withheld.
Don’t let tax software convince you that you are a business because you got a 1099. Hobbies are reported as “other income.”
Why are there different answers from different people? Laws are conflicting, situations are complex… get the full explanation here.
Do I have to report payments on my taxes when the taxes were held out? Am I paying the taxes twice? How to report gambling, 401k, settlements, and more.
Withdrawals from a Roth IRA can be taxable in some situations. Learn what is taxable and subject to penalty before you take money out.
Your Tips Are Your Money. Your manager cannot take your tips. You are not required to split your tips or “tip out” non-tipped employees.
Many types of income are tax-free and not considered income by IRS rules. Learn about excluded income and what you can deduct.
Enrolled Agents are Tax Experts who are still tested and licensed under the same 1884 law that is 30 years older than the IRS itself.
A 1031 exchange is also known as a ‘like-kind’ exchange and it a method or deferring the taxes on the sale of a piece of property.
If you inherit a piece of land or a car or jewelry or anything that isn’t cash, and you turn around and sell it immediately, chances are that your taxes are zero.
Secure 2.0 section 604 now allows employers to match your ROTH contributions directly into your ROTH 401k.
Read how Accounting came to be my calling. Sometimes your calling in life isn’t what you planned but can end up being incredibly rewarding.
Can I deduct my home improvement expenses? Let’s see how selling your home is taxed and what to do now to minimize future taxes.
Learn what to bring to your enrolled tax agent or CPA when you’re ready to do your taxes and download our checklist.
The W-4 has changed significantly and can be really confusing. Learn how to fill out the new W-4 like a pro on your first day of work.
Need an old tax return? Find out what the IRS keeps for you, what you should keep, and how to get what you’re missing. #adulting
Why are there so many taxes taken out of my check? What are they? Is there anything I can do? Get these answers and more.
Child support explained by an accounting expert. Understand why the child support system is the way it is and how to navigate it successfully.
Arkansas Sales Tax is confusing. Many services are taxable in Arkansas. See if your business should be collecting Sales Tax.
What is Franchise Tax? Do I have to pay it? And why? All questions answered in this article. See if this affects your business.
Arkansas nonprofits have to file multiple forms with the state. Be sure to keep your nonprofit legal and file the correct forms annually.
Arkansas Commercial Property Tax Assessment is due May 31. This article will walk you through the process to make sure its right
Are Liquor store receipts a tax deduction? Not all businesses are the same. Your accountant should ask you about your receipts.
What is a Registered Agent? Why do I need one for my LLC? What do they do? Who can be my Registered Agent?
Deducting your home office expenses can be tricky. If you have a business, made a profit, and work from home, learn how to take the deduction
Determining whether you are an employee or contractor can be confusing. Find out which you are and how to handle your taxes accordingly.
Entrepreneurs are often confused by business expenses and deductions. Learn the basics and get a free printable checklist for your deductions.
How Single Member LLCs, Shipwrecks, and the Dog Groomer can cost you money. Be sure your small business is not piercing the corporate veil.
If you are an LLC or a corporation (including Nonprofits) you should have an annual meeting every year, even if you are the only owner.
If your small business sells products of any kind, you need to know how to take inventory and you need to do it at the end of each year.
Nine things you need to do now (Before you file your taxes) Income Checkup – If you are going to
Can I deduct my car? The IRS requires complete documentation in an audit. Learn what the IRS needs to prove your business travel.
You need to comply with recent IRS rule changes and provide a tax-deductible receipt to your donors for money and used good donations.
“Am I a non-profit or for profit?” Learn what it means to be a nonprofit organization according to the IRS and for tax purposes.
Taxes for the Gig Economy can be difficult when you are on your own. Get the most deductions by tracking all your expenses.
When can you deduct you home improvement expenses? Does it go on a tax form? How are home improvements a tax deduction?
Home improvements and taxes, what actually qualifies as an improvement? Are home improvements tax deductible?
If you are driving to and from your primary location of work, no it is not a tax deduction.
What is insolvency and why is it important? What is Form1099C? Is it taxable? Is cancellation of Debt taxable?
Is car interest now tax-free? Diane explains car interest changes in the One Big Beautiful Bill in this video.
Is overtime tax-free? Diane talks about the One Big Beautiful Bill’s no tax on overtime and how it will affect your paycheck in this video.
Learn about reporting cryptocurrency transactions and what the IRS is planning if you don’t. Diane tells all in this video.
How do I report my driving gigs, like Uber, Lyft, DoorDash, Instacart, and Grubhub? Confused on the forms you are
Will changing my name mess up my taxes? Diane explains how your name change can affect how you file taxes in this video.
Starting in 2026, your gambling losses are limited thanks to the One Big Beautiful Bill. Diane breaks it down in this
In the January 2026 Grass Roots Taxes Newsletter, we discuss what you should bring to your upcoming tax appointment to for filing.
The Augusts Rule says that you can rent out your personal residence for less than 15 days per year and it is NOT income.
When you make withdrawals, you will get a 1099-R at the end of the year and you need to report it as retirement income, even if you are not retired, even if you had taxes withheld.
Don’t let tax software convince you that you are a business because you got a 1099. Hobbies are reported as “other income.”
Why are there different answers from different people? Laws are conflicting, situations are complex… get the full explanation here.
Do I have to report payments on my taxes when the taxes were held out? Am I paying the taxes twice? How to report gambling, 401k, settlements, and more.
Withdrawals from a Roth IRA can be taxable in some situations. Learn what is taxable and subject to penalty before you take money out.
Your Tips Are Your Money. Your manager cannot take your tips. You are not required to split your tips or “tip out” non-tipped employees.
Many types of income are tax-free and not considered income by IRS rules. Learn about excluded income and what you can deduct.
Enrolled Agents are Tax Experts who are still tested and licensed under the same 1884 law that is 30 years older than the IRS itself.
A 1031 exchange is also known as a ‘like-kind’ exchange and it a method or deferring the taxes on the sale of a piece of property.
If you inherit a piece of land or a car or jewelry or anything that isn’t cash, and you turn around and sell it immediately, chances are that your taxes are zero.
Secure 2.0 section 604 now allows employers to match your ROTH contributions directly into your ROTH 401k.
Read how Accounting came to be my calling. Sometimes your calling in life isn’t what you planned but can end up being incredibly rewarding.
Can I deduct my home improvement expenses? Let’s see how selling your home is taxed and what to do now to minimize future taxes.
Learn what to bring to your enrolled tax agent or CPA when you’re ready to do your taxes and download our checklist.
The W-4 has changed significantly and can be really confusing. Learn how to fill out the new W-4 like a pro on your first day of work.
Need an old tax return? Find out what the IRS keeps for you, what you should keep, and how to get what you’re missing. #adulting
Why are there so many taxes taken out of my check? What are they? Is there anything I can do? Get these answers and more.
If you inherit a piece of land or a car or jewelry or anything that isn’t cash, and you turn around and sell it immediately, chances are that your taxes are zero.
Secure 2.0 section 604 now allows employers to match your ROTH contributions directly into your ROTH 401k.
Read how Accounting came to be my calling. Sometimes your calling in life isn’t what you planned but can end up being incredibly rewarding.
Can I deduct my home improvement expenses? Let’s see how selling your home is taxed and what to do now to minimize future taxes.
Learn what to bring to your enrolled tax agent or CPA when you’re ready to do your taxes and download our checklist.
The W-4 has changed significantly and can be really confusing. Learn how to fill out the new W-4 like a pro on your first day of work.
Need an old tax return? Find out what the IRS keeps for you, what you should keep, and how to get what you’re missing. #adulting
Why are there so many taxes taken out of my check? What are they? Is there anything I can do? Get these answers and more.
Arkansas Sales Tax is confusing. Many services are taxable in Arkansas. See if your business should be collecting Sales Tax.
What is Franchise Tax? Do I have to pay it? And why? All questions answered in this article. See if this affects your business.
Arkansas nonprofits have to file multiple forms with the state. Be sure to keep your nonprofit legal and file the correct forms annually.
Arkansas Commercial Property Tax Assessment is due May 31. This article will walk you through the process to make sure its right
Are Liquor store receipts a tax deduction? Not all businesses are the same. Your accountant should ask you about your receipts.
What is a Registered Agent? Why do I need one for my LLC? What do they do? Who can be my Registered Agent?
Deducting your home office expenses can be tricky. If you have a business, made a profit, and work from home, learn how to take the deduction
Determining whether you are an employee or contractor can be confusing. Find out which you are and how to handle your taxes accordingly.
Entrepreneurs are often confused by business expenses and deductions. Learn the basics and get a free printable checklist for your deductions.
How Single Member LLCs, Shipwrecks, and the Dog Groomer can cost you money. Be sure your small business is not piercing the corporate veil.
If you are an LLC or a corporation (including Nonprofits) you should have an annual meeting every year, even if you are the only owner.
If your small business sells products of any kind, you need to know how to take inventory and you need to do it at the end of each year.
Nine things you need to do now (Before you file your taxes) Income Checkup – If you are going to
Can I deduct my car? The IRS requires complete documentation in an audit. Learn what the IRS needs to prove your business travel.
You need to comply with recent IRS rule changes and provide a tax-deductible receipt to your donors for money and used good donations.
“Am I a non-profit or for profit?” Learn what it means to be a nonprofit organization according to the IRS and for tax purposes.
Taxes for the Gig Economy can be difficult when you are on your own. Get the most deductions by tracking all your expenses.
When can you deduct you home improvement expenses? Does it go on a tax form? How are home improvements a tax deduction?
Home improvements and taxes, what actually qualifies as an improvement? Are home improvements tax deductible?
If you are driving to and from your primary location of work, no it is not a tax deduction.
What is insolvency and why is it important? What is Form1099C? Is it taxable? Is cancellation of Debt taxable?
Is car interest now tax-free? Diane explains car interest changes in the One Big Beautiful Bill in this video.
Is overtime tax-free? Diane talks about the One Big Beautiful Bill’s no tax on overtime and how it will affect your paycheck in this video.
Learn about reporting cryptocurrency transactions and what the IRS is planning if you don’t. Diane tells all in this video.
How do I report my driving gigs, like Uber, Lyft, DoorDash, Instacart, and Grubhub? Confused on the forms you are
Will changing my name mess up my taxes? Diane explains how your name change can affect how you file taxes in this video.
Starting in 2026, your gambling losses are limited thanks to the One Big Beautiful Bill. Diane breaks it down in this
In the January 2026 Grass Roots Taxes Newsletter, we discuss what you should bring to your upcoming tax appointment to for filing.