Aileen de Leon

“I don’t have to report my income to the IRS.” This right here is one of the many tax myths that have landed independent contractors and small businesses in trouble. If you think you don’t have to report your income,…

The term "clean vehicle credit" refers to a suite of federal tax incentives and credits in the United States designed to promote the purchase of environmentally friendly vehicles. These incentives aim to motivate both consumers and businesses to embrace transportation…

Picture this- Jack is on a search for a “tax consultant near me.” Why? Jack got a call from the IRS telling him that he owed $ 5,000 in back taxes and that he needed to wire the money to…

Did you know that reports suggest Americans spend more than $108 BILLION in 2022 alone on lottery tickets? And no, you didn’t read that wrong; it is a billion with a B. For perspective, The Bahamas had an estimated Gross…

Hello Swifties! Hey Behives, if you can’t get enough of Blue killing it on stage every time and Mrs Carter's powerful presence on stage, you’re not alone. We’re sure that finally seeing Taylor Swift perform live on the Eras Tour…

If there’s anything every independent contractor or freelancer filing 1099s in America wants to know right now, it’s the cheat code to pay lesser taxes. If there were a magic wand you could weave to make the IRS forget all…

If you think you know all about the Inflation Reduction Act and all it comes with, this one might surprise you. Have you heard of the Corporate Alternative Minimum Tax (CAMT)? The CAMT is a tax on the adjusted financial…

One of the joys of entrepreneurship is the amount of freedom it affords you to make key decisions exactly how and when you want to. For sure, being in the driving seat is exciting, bringing a sense of control and…

So you heard that the real estate industry is a gold mine, and you've been considering owning more than just a home. It's time to look into rental properties and create multiple income streams to create financial security for you…

It is no secret that many consider real estate one of the safest investments in the United States. However, the emergence of real estate taxes as a financial burden or obligation for real estate investors and homeowners has somewhat tempered…

In light of so many surprises and tax law changes, it's always best to stay prepared. Yesterday was tax issues from payment apps; today, it's the tight restrictions on ERC claims, and tomorrow might be a different story. What's with…

When you run scared at the mention of ERC, you have the right to. What’s with the aggressive ERC marketing? If you didn’t get the gist yet, it’s the fact that some tax professionals have been using aggressive marketing tactics…

Is there any time of the year you don’t worry about taxes? If you’ve paid your taxes this year, you’ll worry about paying them next year. If you still owe taxes, you’ll worry about how to get them paid, and…

Most savvy entrepreneurs and business owners – if not all – do not enjoy parting with their hard-earned money during tax season. But guess what could make paying taxes even more exasperating? Unexpected tax penalties due to compliance missteps. With…

Did you know that according to a report by the Investment Company Institute, Americans have about $7 trillion invested in 401(k) as of the first quarter of 2023? Also, the average 401(k) contribution stands at 7% of total employee income. …