Articles

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Ines Zemelman, EA
• 30.09.22
Late Estimated Tax Payment Penalties
You are always meticulous about following deadlines, but this time you failed to pay quarterly estimated taxes. What if you fail to pay your taxes? Is there anything you can do to make amends? There will be no severe consequences if you skip a day or two. Remember that the longer the period of time, the larger the penalty for late estimated...
5 min read
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Ines Zemelman, EA
• 23.09.22
How to Report Cash Income Without 1099
When you work for someone else, your employer reports your earnings on your behalf. When you work for yourself, however, it is your obligation to declare your own earnings.  However, when you do not receive 1099 from one or more of your clients, this process can be difficult. Even if you do not receive 1099 from a client, you must still...
5 min read
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Ines Zemelman, EA
• 07.09.22
Sources of Tax-Free Income and Nontaxable Side Jobs
Most income is taxed, whether earned or received as a return on investment. In addition, when you sell anything for more than its base price (usually the amount you paid for something), you have to pay income tax. If you receive taxable income, it makes no difference whether you get it in cash, by check or electronic payment, or in the form...
5 min read
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Ines Zemelman, EA
• 22.08.22
How to Avoid Paying Taxes on Side Jobs: A Quick Guide to Save Money
A side hustle is a terrific method to earn extra money to help with financial goals such as paying off loans or saving for a car or home. However, taxes are more difficult for gig economy workers than for full-time employees. A side job will almost always need the filing of self-employment taxes. This results in a new set of rules and tax...
5 min read
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Ines Zemelman, EA
• 19.08.22
How to File Income Taxes if I’m Paid Under the Table
Receiving payment under the table might appear to be a win-win arrangement. After all, if you don't have a record of your income, you're not obligated to pay taxes on it, and neither is your employer, right? The problem is that someone is losing in this situation: the IRS. And when the IRS loses, they get furious. In addition, audit, and...
5 min read
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Ines Zemelman, EA
• 15.08.22
A Comprehensive Guide to Forms 1099-MISC and 1099-NEC
Up until 2020, if you were a small business owner who hired contracted work or yourself worked as a freelancer, you either received or were issued a 1099-MISC to report your income. Now, the IRS has adopted Form 1099-NEC to report independent contractor income, which is officially referred to as non-employee compensation. In short, to...
5 min read
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Ines Zemelman, EA
• 10.08.22
A Guide To Remote Work Tax Implications
The flexibility of remote working allows employees to work from wherever they are in the world. This freedom does come with certain responsibilities, though, just as it does with most other advantages. Taxation resources geared towards people in traditional environments cater to remote workers, even though remote workers' taxes are not...
5 min read
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Ines Zemelman, EA
• 04.07.22
How To Report Dog Walking Income: Rover Taxes 101
Rover offers a rewarding experience, not to mention a reliable source of income, when it comes to pet care. You might feel a bit irritated when you have to deal with Rover taxes, on the other hand - especially if you don't know where to begin. With this guide, you can easily fill out your Rover tax forms and take a deduction for associated...
5 min read
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Ines Zemelman, EA
• 07.06.22
A Complete Guide on How To File Taxes As An Independent Contractor  
It is a luxury to be your own boss. But to enjoy it fully you need to be constantly aware of the responsibilities you have to fulfill to maintain that freedom. What you earn as a self-employed individual will have tax consequences so you need to know how to file taxes as an independent contractor? Whether you are an Instacart Shopper, a...
5 min read
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Ines Zemelman, EA
• 06.05.22
GrubHub 1099 Form
Being a GrubHub driver allows you to be very flexible. The decision to take delivery is up to you, and you are ultimately responsible for making money. It might seem great to have this type of freedom, but there is a cost involved: you will have to file and pay taxes on your own. In this article, we'll explore exactly what GrubHub drivers...
5 min read
GrubHub 1099 Form
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Ines Zemelman, EA
• 26.04.22
Postmates 1099 Taxes and Tax Deductions
There are many advantages to working for Postmates. Part-time work sounds great and brings in extra income. Your schedule is flexible, and you're paid right away, so you can work when it's convenient for you. Although making money seems convenient, filing taxes can be stressful. If you are a Postmates delivery driver, you'll have to deal with...
5 min read
Postmates 1099 Taxes and Tax Deductions
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Ines Zemelman, EA
• 19.04.22
How To File Taxes For Instacart Shoppers
While working as a full-service shopper you might wonder how to file taxes for Instacart shoppers? Here is a complete guide to equip you well enough so that you can ask the right questions to your tax specialist.  In this article, you will find out what Instacart is, how to file Instacart taxes, which tax forms are relevant, and what...
5 min read
How To File Taxes For Instacart Shoppers
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Ines Zemelman, EA
• 07.04.22
A Complete Guide to Shipt Tax Write Offs
The Shipt grocery network is a relationship-based online grocery store. It offers its subscribers the option to receive fresh food and household essentials on the same day. When you work for Shipt, you'll have the freedom to set your own work hours, never report to someone else and build relationships with your clients. However, as the tax...
5 min read
A Complete Guide to Shipt Tax Write Offs
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Ines Zemelman, EA
• 05.04.22
Uber Eats Taxes: How to File Taxes for Uber Eats and Tax Forms 
If you're one of the thousands of Uber Eats drivers who started this year, it may be the first time that you became your own boss, setting your own working hours and making innumerable decisions to boost your business's performance. It will also be the first time that you will have to file taxes for self-employment income.  Therefore, it is...
5 min read
Uber Eats Taxes: How to File Taxes for Uber Eats and Tax Forms 
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Ines Zemelman, EA
• 23.03.22
Top 7 Delivery Driver Tax Deductions
Whether you are going door-to-door to deliver food or packages, you need to know how to file taxes as a delivery driver. While preparing tax returns you are allowed to deduct business expenses. These ordinary and necessary business spending lower your taxable income. In this article, you will find out the top 7 delivery driver tax...
5 min read
Top 7 Delivery Driver Tax Deductions
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Ines Zemelman, EA
• 11.03.22
Fiverr Taxes: An Ultimate Guide to Filling Fiverr Income Tax
Filing your Fiverr taxes can feel like an uphill battle. You have no idea where to begin, but you know that you better do it perfectly. The gig economy seems a lucrative option, but it comes with its problems. TFX has taken into account all that you'll need to go from feeling overwhelmed to successfully doing your taxes with comfort. By the time...
5 min read
Fiverr Taxes: An Ultimate Guide to Filling Fiverr Income Tax
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Ines Zemelman, EA
• 03.02.22
What Self-Employed Can Do To Become Smart About Gig Income
A significant impact of COVID-19 on the U.S. economy has been the rise of "gig" or freelance work. Workers who perform essential tasks, such as delivering groceries to people who live far away, are considered gig workers. There are more than 100 types of gig work, including Uber driving, Instacart shopping, Amazon Flex delivery, and so on, which...
5 min read
What Self-Employed Can Do To Become Smart About Gig Income
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Ines Zemelman, EA
• 04.01.22
A Complete Guide to Doordash Driver Taxes: Forms and Write-offs
Taxes are a hassle no matter how much effort you put in. Adding more to trouble is the abundance of incorrect advice doling out on the Internet. The information often becomes either difficult to digest or may not suit your case.  There is a plethora of information when it comes to the question“How do taxes work with Doordash?” on the Internet...
5 min read
A Complete Guide to Doordash Driver Taxes: Forms and Write-offs
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Ines Zemelman, EA
• 17.12.21
How Are Tips Taxed, Recorded and Reported?
There are many types of tips. Customer tips are usually left in the form of a credit card, a debit card or cash when a check is paid. Tipping also includes non-cash items such as gift cards or tickets to sporting events. When you receive something with value, it is: not compulsory discretionary not mandatory according to company...
5 min read
How Are Tips Taxed, Recorded and Reported?
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Ines Zemelman, EA
• 10.12.21
1099 vs W-2 Employee: Understanding the Difference
An understanding of the difference between workers and independent contractors, also commonly known as 1099 vs W-2 employees, and when to use 1099s and W-2s can be complicated and stressful. Even if you hire a payroll service or an accountant to handle the heavy lifting of paying your employees, it's critical that you have a firm grasp on how...
5 min read
1099 vs W-2 Employee: Understanding the Difference
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Ines Zemelman, EA
• 27.10.21
Do I Have to Claim Second Job on Taxes?
Most people who take on a second job do so to help pay off debt or reach some other financial milestone. When it comes to paying taxes, the last thing on your mind probably is how much that new job will increase your annual tax burden. TFX has compiled the following information to assist you in preparing your taxes. Examining important...
5 min read
Do I Have to Claim Second Job on Taxes?
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Ines Zemelman, EA
• 26.10.21
Part-Time Job Tax Withholding 101: A Guide for Gig Workers
Making money while working a part-time job need not be as rigorous as obtaining a full-time position. Although short-term and part-time jobs often seem simpler, planning for taxes including part-time job tax withholding that comes with them can be more complicated. As a result, if someone holds many jobs throughout the year, it will be more...
5 min read
Part-Time Job Tax Withholding 101: A Guide for Gig Workers
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Ines Zemelman, EA
• 13.10.21
Temporary and Seasonal Workers Taxes
If your business relies on revenue during certain periods of the year, you may have a seasonal business. Seasonal jobs are often obtained by students and other taxpayers as a way of earning additional spending money or to save for the future. In accordance with IRS regulations, seasonal workers are considered to be those who are employed for...
5 min read
Temporary and Seasonal Workers Taxes
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Ines Zemelman, EA
• 04.10.21
How Gig Economy Workers Pay Taxes
Regardless of how you coin it—a side hustle, freelance work, gig work, etc.—the fact is if you earn an income of $400 or more in a single year, you’re obligated to pay federal taxes for gig workers on those earnings as well as contributions to Social Security and Medicare. Trying to determine what you owe can be quite complicated especially...
5 min read
How Gig Economy Workers Pay Taxes
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Ines Zemelman, EA
• 29.09.21
How to File Taxes as an Uber (Lyft) Driver Guide
As a self-employed worker for Uber or Lyft, it's important to understand the tax implications of your side (or full-time) gig. This means getting a solid understanding of tax concepts such as lyft driver taxes, uber driver taxes, and rideshare driver taxes. One of the most important things to understand is that you are considered a business...
5 min read
How to File Taxes as an Uber (Lyft) Driver Guide
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Ines Zemelman, EA
• 24.09.21
How to Avoid Paying Taxes as an Independent Contractor
Good tax planners learn to ask good questions, keeping in mind the short-term and long-term. Does your tax professional recognize your unique challenges such as cash flow and growth phase of your business? Your tax professional should encourage dialog important to you! Avoiding paying taxes on your business income, is that possible?  If...
5 min read
How to Avoid Paying Taxes as an Independent Contractor
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Ines Zemelman, EA
• 30.08.21
The Ultimate Guide to Taxes for Gig Workers
Side gigs have exploded in popularity in recent years, and for good reason. People use the income from their side gigs to pay the bills or build an emergency fund. And with large companies such as Amazon, DoorDash, and Uber always looking for workers, anyone can sign up and work immediately. The best part: you don't have to quit your day...
5 min read
The Ultimate Guide to Taxes for Gig Workers