July 2024 Sales Tax Changes
July typically brings significant changes to tax policies, especially concerning sales taxes. This month, alongside adjustments to sales […]
IRS News
2 Upcoming Regulations for Reporting Crypto Taxes
The Internal Revenue Service (IRS) has unveiled extensive proposed regulations, spanning over 280 pages, to enforce congressional directives […]
The Kiddie Tax – Explained
Understanding the complexities of taxation presents challenges for individuals across the board. Families with children encounter additional nuances […]
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 […]
IRS 2024 Tax Brackets
Every year, the IRS revises key tax provisions, such as the standard deduction, to ensure that specific elements […]
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 […]
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 […]
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 […]
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 […]