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Tax Compliance

Tax Guides

Earned Income Tax Credit 2025

Learn what the Earned Income Tax Credit (EITC) is, who qualifies, how to claim it, and why it matters—plus the latest updates for the 2025 tax year.

Posted on 
Apr 3, 2025
  by
Brad Thibeau
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Tax Guides

What is a 1099-S form?

Understand the 1099-S form, its role in real estate transactions, who receives it, and how it affects your tax filings. Stay compliant and avoid tax surprises.

Posted on 
Mar 10, 2025
  by
Brad Thibeau
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Tax Compliance & Updates

What Is the Self-Employment Tax (SECA) Rate? How It Compares to FICA Taxes

Confused about self-employment taxes? Learn how SECA compares to FICA taxes and what rates apply to your earnings.

Posted on 
Jan 13, 2025
  by
Brad Thibeau
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Mileage

How to Deduct Vehicle Expenses on Your 2024 Taxes: Standard Mileage vs Actual Expenses

Discover what vehicle expenses are deductible, the pros and cons of using the standard mileage rate vs. actual expenses, and how to track your miles accurately for tax season.

Posted on 
Jan 13, 2025
  by
Brad Thibeau
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Tax Compliance & Updates

Top 10 IRS Red Flags That Could Trigger an Audit (And How to Avoid Them)

Worried about an IRS audit? Discover the top audit triggers, how to avoid red flags, and what to do if you’re audited. Stay prepared with these essential tips

Posted on 
Jan 8, 2025
  by
Brad Thibeau
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Tax Guides

NAICS Business Activity Codes for Uber, DoorDash, Lyft, and More

Learn how to choose the correct NAICS code for your gig economy job or freelance business. Our guide explains why business activity codes matter, how they impact your taxes, and offers specific codes for popular self-employed professions.

Posted on 
Oct 31, 2024
  by
Brad Thibeau
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Tax Guides

Self-Employed State Income Tax Rates

Find everything you need to know about self-employed state income taxes, including rates, deductions, and filing tips for each state.

Posted on 
Oct 7, 2024
  by
Brad Thibeau
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Tax Compliance & Updates

IRS Audit Guide: What to Expect and How to Prepare

Learn everything about IRS audits for 2024, including the audit process, what to expect, common triggers, and tips to navigate audits successfully. Stay prepared and ensure your tax returns are compliant.

Posted on 
Sep 3, 2024
  by
Brad Thibeau
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Tax Deductions

Car Depreciation | Calculate New Vehicle Depreciation

If you’re in the market for a car, consider the sticker price before making your final decision. Car depreciation, or the loss of value on your vehicle over time, will affect the overall financial impact of your buying decision. Learn more about car depreciation here.

Posted on 
Apr 15, 2019
  by
Team Everlance
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