If you're a farmer or own a farm that generates income, then it's essential to understand your tax responsibilities related to farming activities.

Self-employed individuals and small business owners working from home can save money by taking a deduction for business use of the home.

Updates to the threshold requirements for Form 1099-K mean that more people will receive this form than ever before.

In the United States, taxes are pay-as-you-go, which means that you need to pay your taxes throughout the year as you receive income.

When you have self-employment income, your tax situation will look different compared to being an employee.

The IRS determines whether you have a hobby or a business on a case-by-case basis. Typically, the classification comes down to intent and profit.

The IRS defines the gig economy as “activity where people earn income providing on-demand work, services or goods. Often, it’s through a digital platform like an app or website.”