IRS News

The Gig Economy: A Taxing Challenge

The rise of the gig economy has transformed the American workforce, offering flexibility and independence to millions. However, it has… Read More

9 months ago

IRS Amnesty Programs: A Lifeline for Taxpayers

Are you burdened by unpaid taxes or complex filing requirements? Relief might be closer than you think. The IRS offers… Read More

9 months ago

July 2024 Sales Tax Changes

July typically brings significant changes to tax policies, especially concerning sales taxes. This month, alongside adjustments to sales and use… Read More

10 months ago

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

1 year 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

1 year 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

1 year 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

1 year 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

3 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

4 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

5 years ago
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