743 plain-English guides on us tax, each one ending in what to do next.
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Moving company owners can shelter income through Solo 401(k) (owner-only) or SIMPLE IRA (with employees). Retirement plan options for moving companies:.
US TaxMoving company workers are almost always employees under IRS rules. The three-category test, misclassification penalties, and safe harbor relief.
US TaxSSTB analysis for music/entertainment income: - Live performance income: SSTB (performing arts). This includes concert fees.
US TaxMusicians deduct instruments under Section 179, home studio under IRC 280A, touring expenses including travel and meals, and agent/manager commissions.
US TaxMusicians face irregular income, multiple revenue streams, and self-employment tax on most of it. How to calculate quarterly estimated payments.
US TaxRetirement plan considerations for musicians: 1. Solo 401(k) is the best fit for most musicians. Solo 401(k) is the best fit.
US TaxPainting contractors can deduct paint and supplies (typically 15-25% of job revenue), sprayers and equipment (Section 179), work vehicle costs, insurance.
US TaxPainting contractors deduct paint/materials (25-40% of revenue, the largest cost), vehicle expenses, sprayer equipment ($2,000-$8,000).
US TaxPainting contractor tax structure: - SSTB status: NOT an SSTB. Painting is a physical trade. Not consulting, not a professional service.
US TaxPainting contractors face moderate seasonality (exterior work peaks April-October) and must plan quarterly estimated payments around weather-dependent.
US TaxPainting contractors face 3-4x seasonality (exterior work peaks in warm months). Painting contractor seasonal income pattern: Exterior-only painter: |.
US TaxPainting crew members are employees under IRS tests when the contractor controls the job site, provides equipment, and sets schedules.
US TaxPaint and materials run 20-35% of job revenue. Vehicle expenses, subcontractor payments (1099-NEC), and equipment (sprayers $500-$5,000.
US TaxPainting is highly seasonal in northern markets (exterior work concentrated April-October). Interior work smooths revenue somewhat.
US TaxPersonal trainers deduct gym rental fees, certification costs, equipment purchases, liability insurance, vehicle mileage, and continuing education.
US TaxPersonal training is NOT an SSTB (it is athletics instruction, not competing). The S-Corp election saves SE tax once net profit exceeds $50,000.
US TaxPersonal trainers earn unevenly across the year, with January peaks and summer dips. The prior-year safe harbor simplifies quarterly payments.
US TaxSolo personal trainers can contribute up to $70,000/year to a Solo 401(k). 2025 Solo 401(k) limits for personal trainers: - Employee deferral: $23.
US TaxPest control businesses deduct chemicals, vehicle costs, state licensing fees, and equipment. Major deduction categories for pest control businesses.
US TaxPest control businesses deduct chemicals/pesticides (8-15% of revenue), vehicle expenses (route-based, high daily mileage).
US TaxPest control businesses are NOT specified service trades or businesses (SSTBs), preserving the full QBI deduction at any income level.
US TaxPest control businesses manage estimated taxes around seasonal revenue patterns (spring/summer peak), vehicle purchase timing.
US TaxPest control is moderately seasonal (55-65% of revenue April-September). Recurring contracts provide baseline revenue year-round.
US TaxPest control businesses have 2-3x seasonal variation (spring/summer peak). Monthly contract revenue stabilizes cash flow for tax planning.