The Internal Revenue Service (IRS) recently announced an important change concerning the reporting of income received through third-party payment processors and online platforms. This change, initially proposed to take effect …
The new tax rules for 2023 are all over the place and include: Personal Standard Deduction Personal Standard Deduction for 2023 increases due to inflation: Energy Efficient Home Improvement Credit …
In January 2022, these 1099 forms were revised, again. Recipients use Form 1099-NEC and Form 1099-MISC to file their federal and any applicable state tax returns. Form 1099-NEC doesn’t entirely …
One provision in the Inflation Reduction Act aimed at improving IRS customer service has been met with criticism. The legislation allocates $79.6 billion to the agency over the next ten …
