COVID-19 Tax Deadline Updates

COVID-19 Tax Deadline Updates

Recent Developments in COVID-19 Tax Filing Deadlines As you know, the COVID-19 pandemic has shut down much activity in the United States. The IRS decided to use its authority in a national emergency to postpone certain tax return filings and payments. This change...
Law Enforcement Tax Advice for 1099 Income

Law Enforcement Tax Advice for 1099 Income

Law Enforcement and 1099 Income: Your Tax Survival Guide Security extra jobs are a hot button issue for officers and their unions. Some argue that officers should not work outside their capacity as a full-time public servant, but others require the additional income...
Realtor Tax Strategies

Realtor Tax Strategies

Effective Tax Strategies for Realtors: A Step-by-Step Guide Realtors are for the most part, treated as self-employed individuals for purposes of taxation. Some realtors are direct employees of a company who takes out of their paycheck. If you are in this family of...
3 Uncommon Tax Tips for Running a Side Business

3 Uncommon Tax Tips for Running a Side Business

Tips for Filing Taxes on Your Side Business Income At Molen & Associates we’ve specialized in business income tax preparation for people who have it as both their primary and secondary incomes for over 35 years. Here I’ll explain three uncommon tips I give my...
Tax Tips for Online Sellers

Tax Tips for Online Sellers

Tax Planning Important for Online Sellers New business owners often wonder what is required of them when starting a business, because it’s critical to make the best decisions early on. In the state of Texas, a sole proprietor can start a business without filing entity...