Health insurance is no fun topic. There’s lots of debate around the necessity of paying high premiums. However, if you’re self-employed (i.e. you work as a contractor or freelancer), then pay attention. It’s important to know how to take health insurance as a tax deduction. If you’re self-employed, work as a contractor or freelancer, then …
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Congrats! You’ve applied and received PPP (Paycheck Protection Program) funds. Now what? Let’s learn about PPP loan forgiveness and how to account for the funds on the books. First, the basics of the PPP funds as a recap. PPP Loan basics review The maximum PPP loan amount is 2.5 times your average monthly payroll expenses, …
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Tax time is upon us again. If that brings up frustrations or makes you shudder, have no fear. Follow these tips to make things a little easier for your tax return as a nomad. While taxes are not the most fun thing in life, it is an important one. It’s also a given if you …
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 …
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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 …
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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 …
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 …
Are you getting ready to hit the road and start your nomadic life? Chances are you might also be getting ready to sell your home. Here are some tips to help you understand taxes when selling a home. Gain The IRS has exceptions for taxpayers who sell their main home. This means you may qualify …
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April 15 has passed. You filed your taxes and you have a tax liability. What should you do if you don’t have the money to pay your tax liability? Don’t panic. It happens to many and there are several ways to settle a debt with the IRS. Ways to pay your tax liability: Make a …
Ready or not tax season is here! This means it’s more important than ever to gather all your paperwork. To help you get started, here’s a guide to help you prepare to file your taxes. These are the top 10 deductions and credits taken on tax returns. Prepare to file your taxes Whether you’re planning …
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