Blog
1099-K Changes Could Save Paperwork (Not Taxes) for Chattanooga Gig Workers
As the kids are saying these days: SMH.At what? The IRS.Another commissioner is out the door. Billy Long is packing his bags for Iceland (yes, really), after about two months on the job.And the service you actually get from the IRS isn’t improving either....
Selling Your Business? Moves Chattanooga Business Owners Can Make to Avoid Tax Traps
Quick Summary: Tax Traps to Avoid When Selling Your Hamilton County BusinessDepreciation recapture can cost you up to 37 percent in taxes. Deal structure (asset vs. stock sale) changes your tax outcome. Mismatched IRS Form 8594 filings can trigger an...
Chattanooga Taxpayer’s Guide: How to Contact the IRS in 2025
So… how was your summer?I know, we’re still in August now, and back-to-school sales are taking over every Hamilton County store aisle. But before you fully close out Summer 2025, it’s worth looking back for just a moment.Because a few of the things you did over these...
Freelance Income Tax Strategies That Actually Work For Chattanooga Freelancers
Did you know the IRS has an Instagram account? Their most recent post? “Follow us across social media for s’more IRS tips” with a (you guessed it) s'mores background. No, not the most interesting marketing out there, but maybe worth hitting the follow...
Early Withdrawal Penalties on Your 401(k): Caution to Chattanooga Taxpayers
Key TakeawaysWithdrawing from your 401(k) or IRA before age 59½ triggers a 10 percent early withdrawal penalty plus regular income tax. A 20K withdrawal could leave you with only 13.6K after penalties and taxes—and you’ll lose future growth (up to 81K by...
How to Adjust Withholding Under OBBBA: U S Tax Solutions’s Guide
Since January, the IRS has lost over a quarter of its workforce. And just this month, House lawmakers introduced another proposal to further slash the IRS’s budget. This is funding that directly impacts taxpayer services, refund processing, audit functions,...
IRS Disaster Relief Just Got Faster for Chattanooga Taxpayers
I want to open the floor up to you for a moment. With everything you’ve heard so far about the One Big Beautiful Bill Act (OBBBA), what questions do you have? Confusion about credits? Changes to deductions? How it might impact your refund next year? (Or maybe,...
What Chattanooga Taxpayers Can Do When Their IRS Identity Theft Case Is Prolonged
You filed your return. You were expecting a refund, or at least a normal processing timeline. But instead, the IRS flagged your return and sent you a letter asking you to verify your identity. Or worse, they told you that someone else had already filed using your...
Car Loan Interest Deduction Guidance for Chattanooga Car Buyers
There’s been no shortage of opinion flying around about the new One Big Beautiful Bill Act (OBBBA). And understandably so. An 800+ page tax overhaul tends to stir the pot.What I want to assure you is this: I'm here to break down what actually matters for you. And not...