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NEW IRS LAWS AND THE “BIG BEAUTIFUL BILL” — HOW COULD THEY AFFECT YOU?
Lately there has been a lot of talk about the new “Big Beautiful Bill” and other important changes related to the IRS and taxes. Although many people think these laws only affect large companies or wealthy individuals, the reality is that they could also impact self-employed workers, business owners, ITIN families, and people who get paid through apps like Uber, DoorDash, Amazon Flex, Lyft, and others.
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What is a tax extension?
Many people hear “extension” and think they don't have to worry about taxes until October — but that's not quite how it works.
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DO YOU HAVE AN ITIN? IMPORTANT THINGS YOU SHOULD KNOW
Many people have an ITIN and use it to file their taxes every year, but not everyone knows there are important rules related to its use, expiration, and renewal. In some cases, small mistakes can cause delays, problems with the IRS, or even affect certain tax benefits.
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I HAVE A 1099 — HOW CAN I PREPARE FOR TAX SEASON?
Many people who receive a 1099 think the process is the same as when they receive a W-2, but there are important differences that can affect how much they pay in taxes or how much they could legally save.
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