Taryn Tax Pro

Why does opening IRS letter require emotional support?

But seriously:
Ignoring tax problems almost always makes them bigger.

Penalties grow. Interest grows. Stress grows.

The good news?
Most situations can be fixed with a plan 💼✨

Tax Tip Tuesday 🚨

Just because you were paid in cash…
does NOT mean you don’t have to report it.

There’s a common myth that money paid “under the table” isn’t taxable.

That’s false.

💵 Cash income
📲 Zelle / Cash App / Venmo
🧾 Side jobs
🎨 Freelance work

If you earned it, it’s taxable income — period.

Failing to report cash income can lead to:
• Penalties
• Interest
• Audits
• Bigger problems down the road

The IRS doesn’t care how you were paid. They care whether you report it.

Stay compliant. Stay protected.
If you’re unsure what needs to be reported, let’s talk.

💡 Tax Tip Tuesday: The $2,500 Expense Rule

Did you know you may not have to depreciate every equipment purchase?

The $2,500 de minimis safe harbor rule allows you to deduct certain tangible property purchases in the year you buy them — instead of spreading the deduction over several years.

Here’s how it works:

✔️ Applies to items costing $2,500 or less per item or per invoice
✔️ Can include equipment, tools, computers, and supplies
✔️ Must be ordinary and necessary for your business

If an item costs more than $2,500, it generally must be capitalized and depreciated .

Why this matters:
• Faster deductions
• Simpler bookkeeping
• Immediate tax benefit

Small purchases can add up to big savings when handled correctly.
Want to make sure you’re applying this rule the right way? Let’s talk.