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Do I need to file a tax return for my LLC with no activity?
Sometimes a limited liability company or LLC has a year with no business income or activity. Maybe it’s a newly formed LLC, which hasn’t started doing business yet. Is it an older…
3 Steps to Take if You’re Missing a W2 and Want to File Your Taxes
The IRS requires employers to mail employee earnings information, commonly known as a W2, by the end of January. However, there can be delays due to mailing, etc., so it’s best to…
Employee vs. contractor: What’s the difference?
Employee vs. contractor? This is a common question among full-time travelers who work on the road. What’s the difference between an employee and contractor and how does it affect your tax obligations?…
Pass-through income: easily understand what it means
If you own a business, it’s a must to understand the tax side of the business. This includes understanding pass-through income. Maybe you’ve heard of the advantages of registering your business in…
Choosing a Business Entity: which is best for you?
As with most things in business and life in general, it’s all about the basics, right? Well, here are the basics of choosing a business entity. If you already know them but…
Guide to Handle Income Taxes When Renting Out Your RV
Thinking of taking a trip away from your motorhome or RV? Plan on renting it out while you are gone. Keep these tax rules in mind. Now you can plan ahead for…
Travel expenses: Are they deductible on your taxes?
Most of you proudly identify yourself as a full-time RVer or digital nomad because you’re living your dream. You are lucky enough to travel full-time while working remotely from the road. Does this mean you can…
Solar Tax Credit: What you need to know
This year is different, because this was the year you installed solar on your RV, and now you’re ready to get that big fat tax credit to help with that expense. Let’s clarify…
4 Possible Tax Deductions for RV owners Explained
Unfortunately, for us RV owners who full-time, some of our deductions are limited as compared to a sticks and bricks homeowner. However, there is some overlap. As an RV full-timer myself, I understand…
6 Simple Small Business Tax Deductions for RV entrepreneurs
You’ve got the revenue part down. Now you need to figure out the expenses. Here are 6 simple small business tax deductions you should be taking. In a small business, maximizing your…