The IRS loves to tell you your business is not real and therefore your deductions are not allowqed to exceed your income. Hobby loss rules: https://www.irs.gov/newsroom/hobby-or-business-heres-what-to-know-about-that-side-hustle South Dakota wants contractors…

Again stop taking tax advice from social media sites: https://www.irs.gov/newsroom/irs-warns-taxpayers-they-may-be-scam-victims-if-they-filed-for-big-refunds-misleading-advice-leads-to-false-claims-for-fuel-tax-credit-sick-and-family-leave-credit-household-employment-taxes Colorado’s New Property Tax, Protections for Tenants Become Law. https://www.lawweekcolorado.com/article/colorados-new-property-tax-protections-for-tenants-become-law/ U.S. taxpayers living and working abroad face June 17 deadline…

I’m sure no one is shocked that taking tax advice from social media is a bad idea, but just in case: https://www.irs.gov/newsroom/dirty-dozen-taking-tax-advice-on-social-media-can-be-bad-news-for-taxpayers-inaccurate-or-misleading-tax-information-circulating Electric vehicle credits have become extra confusing. The…

This one is a little thin, and late,  due to the tax season busyness. IRS kicks off its annual Dirty Dozen with a warning about phishing and smishing scams**. https://www.irs.gov/newsroom/irs-wraps-up-2023-dirty-dozen-list-reminds-taxpayers-and-tax-pros-to-be-wary-of-scams-and-schemes-even-after-tax-season…

It's currently snowing and I have filed all my extensions. Well, most of my extensions. Anyway here's some stuff I found interesting. The 2024 tax season has begun and the…