As we usher in the new year, I thought I’d answer some of the most frequently asked questions related to taxes and full-time RVing. Here are the top 10 tax questions for full-time RVers. 10 tax questions for full-time RVers 1. What’s the best tax savings strategy for full-time RVers? First, there aren’t any special…
Some jobs are great for the do-it-yourself person – oil changes, remodeling your RV, designing your website, etc. However, filing your income tax return isn’t one of them. Here are 6 reasons why you shouldn’t try to file your own taxes. First, let’s talk about who should prepare their own return. File Your Own Taxes…
With so many questions, tax time can feel overwhelming. With this list, I hope to answer some questions to aid in gathering information and staying organized throughout the year to make tax time easier. Remember each of us is individual and has individual tax needs even when we live in an RV. Full-time RV life…
With the holiday season upon us, 2019 is almost officially behind us. Eek. How does the time fly by so quickly? However, that means that now is the perfect time to complete year-end to dos even for us RV entrepreneurs. Time to take the pesky record keeping and financial decision-making tasks off your plate, so…
Many of you have most likely heard of self-employment taxes. What about income that you collect occasionally or one-time? Let’s dive into when you DON’T owe self-employment taxes. If you’re not familiar with self-employment taxes, then I highly suggest you learn about them as a freelancer or business owner. The IRS even has a tool…
For anyone planning on workamping or camp hosting, it’s important to understand your tax obligations. Even if you don’t do your own taxes, it’s important to understand these 5 tax considerations when workamping or camp hosting. You should have a basic understanding of your tax situation so you are prepared to share this information with…
Chances are if you are reading this, then you are already self-employed or interested in becoming a small business owner. Congrats! However, it’s important to consider self-employment taxes if this is you. Self-employed means you fit any of the following: You carry on a trade or business as a sole proprietor (single-member LLC included) or receive income…
I’m guessing that many RV entrepreneurs have heard of the tax savings an S Corp offers. However, it’s important to know when it’s worth electing S Corp status. It’s also important to understand the extra responsibilities of an S corp. If you’re wondering if you should elect S Corp status, then this is for you.…
Which state is best to domicile as an RV entrepreneur or digital nomad? I get this question often. There is no one right answer. However, here are a few things to consider when choosing your domicile state. You probably already know the top 3 states that full-time RVers pick as their domicile state. If not,…
As a sole proprietor, you deserve to get paid. However, it’s important to know how to pay yourself as an entrepreneur. Who doesn’t want to be compensated for their hard work, right? You’re an entrepreneur which means you are your own boss. This can be quite rewarding but it also comes with some pain points.…
Hi! I’m Heather Ryan, EA and I get RVlife. As a fellow digital nomad, I understand many of the unique tax situations created by travel. I also fully support entrepreneurs and the struggles they face. The goal of this site is to offer my knowledge through advice and tips to real-life situations and questions.
Are you getting ready to transition to full-time RVing? Are you already on the road?
This book has everything you need to know about taxes as an RVer.
Disclaimer:
This website is for general information only and is not intended to substitute for obtaining legal, accounting or financial advice. It is not rendering legal, accounting or other professional advice. Presentation of the information on this website is not intended to create a client relationship. For specific tax assistance please consult a tax professional on an individual basis.
While I make every effort to furnish accurate and updated information, I do not guarantee that any information contained in this website is accurate, complete, reliable, current or error-free. I assume no liability or responsibility for any errors or omissions in its content