LIVE_FAQ_DATABASE
LAST_UPDATED: 2026.02.27ROWS_LOADED: 12
TOTAL_RECORDS: 16QUESTION_ID
APPLIES_TO
DEADLINE
STATUS
ROW_001SELF-EMPLOYEDQUARTERLY
[+]Do I need to file quarterly estimated taxes as a freelancer?
APPLIES_TO
Sole Prop / 1099
DEADLINE
Apr 15, Jun 15, Sep 15, Jan 15
PENALTY_RANGE
Up to 8% underpayment
IRS_REF
IRS Pub. 505
ROW_002URGENTDEADLINEPENALTY
[+]What happens if I missed the April 15 filing deadline?
APPLIES_TO
All Filers
DEADLINE
PASSED — File Immediately
PENALTY_RANGE
5% per month, max 25%
IRS_REF
IRC §6651(a)(1)
ROW_003DEDUCTIONSREMOTE
[+]Can I deduct my home office if I work from a co-working space sometimes?
APPLIES_TO
Self-Employed / W-2 Remote
DEADLINE
Tax Year End — Dec 31
PENALTY_RANGE
None (deduction risk)
IRS_REF
IRS Pub. 587
ROW_004URGENTIRS NOTICEAUDIT
[+]I received a CP2000 notice. What does this mean?
APPLIES_TO
All Filers
DEADLINE
60 days from notice date
PENALTY_RANGE
20% accuracy penalty possible
IRS_REF
IRS CP2000
ROW_005DEDUCTIONSMEALS
[+]What business meals are still deductible after the 2017 Tax Cuts?
APPLIES_TO
All Business Entities
DEADLINE
Keep receipts — ongoing
PENALTY_RANGE
None (if properly documented)
IRS_REF
IRC §274(k)
ROW_006S-CORPPAYROLL
[+]As an S-Corp owner, what's a 'reasonable salary' requirement?
APPLIES_TO
S-Corp Shareholders
DEADLINE
Each payroll period
PENALTY_RANGE
Back payroll taxes + 100% penalty
IRS_REF
IRS Rev. Rul. 74-44
ROW_007RESTAURANTDEDUCTIONS
[+]Can a restaurant owner deduct employee meals provided during shifts?
APPLIES_TO
Restaurant / Food Service
DEADLINE
Dec 31 each tax year
PENALTY_RANGE
None (if de minimis)
IRS_REF
IRC §119
ROW_008URGENTAUDITSOLE PROP
[+]What triggers an IRS audit for a sole proprietor?
APPLIES_TO
Sole Prop / Schedule C
DEADLINE
3 years from filing (6 if >25% omitted)
PENALTY_RANGE
Varies — up to 75% fraud penalty
IRS_REF
IRS DIF Scoring System
ROW_0091099-KFREELANCE
[+]How do I handle a 1099-K from payment processors like Stripe or PayPal?
APPLIES_TO
Freelancers / eCommerce
DEADLINE
Tax filing deadline
PENALTY_RANGE
Underreporting penalty: 20%
IRS_REF
IRS Form 1099-K
ROW_010STARTUPDEDUCTIONS
[+]Can a startup founder deduct pre-launch business expenses?
APPLIES_TO
Startups / New Entities
DEADLINE
First tax year of active business
PENALTY_RANGE
None (deduction timing risk)
IRS_REF
IRC §195
ROW_011SE TAXDEDUCTIONS
[+]What is the self-employment tax rate and can I deduct half of it?
APPLIES_TO
Self-Employed / 1099
DEADLINE
Tax filing deadline
PENALTY_RANGE
None
IRS_REF
IRS Schedule SE
ROW_012BOOKKEEPINGRECONCILE
[+]How do I reconcile my books if I haven't done it since March?
APPLIES_TO
All Business Entities
DEADLINE
Before tax filing
PENALTY_RANGE
Late filing penalties if delayed
IRS_REF
IRS Rev. Proc. 2001-10
How do I amend a 941 after an ERC disallowance letter?
Employers / Payroll
3 years from original 941 due date
Up to 150% of erroneous credit
IRS Notice 2021-20
What is the QBI deduction and does my LLC qualify?
Pass-Through Entities
Tax filing deadline
None
IRC §199A
Can I write off a vehicle used for both business and personal trips?
Self-Employed / S-Corp
Dec 31 — log must be contemporaneous
Recapture if >50% business use drops
IRS Pub. 463
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