by TIG Tax Services | Dec 30, 2025 | Tax Updates
Self-employed taxpayers face unique challenges during tax season, but they also have access to numerous deductions that can significantly reduce their tax liability. The 2025 tax year offers substantial opportunities for self-employed individuals to maximize their...
by TIG Tax Services | Dec 29, 2025 | Tax Updates
Freelancers face unique tax challenges that can lead to costly errors during filing season. Self-employed individuals are 40% more likely to make tax filing mistakes compared to traditional employees, primarily due to the complexity of managing both income reporting...
by TIG Tax Services | Dec 29, 2025 | Tax Updates
The Internal Revenue Service has established specific compliance requirements for independent contractors and gig workers that differ significantly from traditional employee obligations. With the growing gig economy affecting millions of Americans, understanding these...
by TIG Tax Services | Dec 29, 2025 | Tax Updates
The 2025 tax year brings substantial changes for small business owners following the passage of comprehensive tax legislation. Small businesses must understand these modifications to maximize their tax benefits and ensure compliance with updated regulations. The...
by TIG Tax Services | Dec 27, 2025 | Tax Updates
The landscape for Form 1099-K reporting underwent another significant transformation in 2025, fundamentally altering the tax reporting obligations for millions of gig workers, freelancers, and small business owners across the United States. The One Big Beautiful Bill... by TIG Tax Services | Jan 16, 2025 | Tax Updates
The Department of the Treasury and the IRS issued final regulations identifying certain partnership related-party “basis shifting” transactions as transactions of interest – TOIs – subject to the rules for reportable transactions. The regulations include: Increased...
