IRS News

Upcoming Regulations for Reporting Crypto Taxes

The Internal Revenue Service (IRS) has unveiled extensive proposed regulations, spanning over 280 pages, to enforce congressional directives extending broker… Read More

2 months ago

The Kiddie Tax – Explained

Understanding the complexities of taxation presents challenges for individuals across the board. Families with children encounter additional nuances in tax… Read More

2 months ago

New 1099-K Filing Rules Delayed Again

Understanding IRS Form 1099-K: What You Need to Know If you're a seller of goods and services who receives payments… Read More

2 months ago

IRS 2024 Tax Brackets

Every year, the IRS revises key tax provisions, such as the standard deduction, to ensure that specific elements of the… Read More

4 months ago

The 2022 Inflation Reduction Act : IRS Changes

On August 8th, 2022, the big news broke out: The United States Senate had passed a bill with some sweeping… Read More

2 years ago

Potential Tax Penalties For Paying Contractors In Cash

If you make cash payments to independent contractors, the first thing you should know is that doing so is not… Read More

3 years ago

IRS Collections Resumes as of October 1, 2020

The IRS halting collection enforcement activity during the Coronavirus pandemic originally until July 15, 2020. That was extended until October… Read More

4 years ago

IRS Collections During Coronavirus: Here’s What’s Happening

During the 2020 COVID-19 / CoronaVirus pandemic, the United States IRS is offering a special plan regarding collections for those… Read More

4 years ago

CNC Tax Program Review

https://www.youtube.com/watch?v=fA32_PqLGYI The CNC tax program, or IRS' Currently Not Collectible status, is essentially placing your case into a $0 payment… Read More

9 years ago

IRS Issues Warning of Potential Scam

Warning from IRS about the new phone and email scams. From the IRS: IRS Reiterates Warning of Pervasive Telephone Scam… Read More

10 years ago
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