As discussed in Part 2, there are many ways social media creators earn income.
Social media income, like all income, needs to be reported on federal tax returns....more
The IRS Has Eyes -
Having any presence on social media—even sans influencer following or income—can and may be used against you by the IRS. Have you ever Googled yourself? You will likely be shocked at how much...more
Cristiano Ronaldo was 2024’s highest-earning Instagram influencer, receiving approximately $3.23 million per post. This jaw-dropping number is not the typical amount that Instagram influencers earn. In fact, on average,...more
With tax season approaching, this blog addresses the ways in which the Internal Revenue Service (“IRS”) will contact you… and the ways in which it will not....more
Former President Donald J. Trump won the 47th presidential election and his second term in the Oval Office on November 5, 2024. A change in administration almost always brings with it changes in policies. Below is a summary...more