IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K

IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K

WASHINGTON — The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season. As a result of this delay, third-party settlement organizations will not be...

Some of Your Tax Questions Answered

2022 ushers in an age of confusion in regards to tax laws for many people. While some prospective regulations remain in limbo, we hope to clarify some things we’re already seeing questions on. Economic Impact Payments & Advance Child Tax Credit Program Both the...
Some of Your Tax Questions Answered

Some of Your Tax Questions Answered

2022 ushers in an age of confusion in regards to tax laws for many people. While some prospective regulations remain in limbo, we hope to clarify some things we’re already seeing questions on. Economic Impact Payments & Advance Child Tax Credit Program Both the...

Keeping an eye on the American Families Plan

We hear a lot from the news about the proposed American Families Plan in regards to raising the corporate tax rate and the taxes on higher wage earning individuals. It makes for a great sound byte, especially when paired with the other highlights of the plan. These...
Keeping an eye on the American Families Plan

Keeping an eye on the American Families Plan

We hear a lot from the news about the proposed American Families Plan in regards to raising the corporate tax rate and the taxes on higher wage earning individuals. It makes for a great sound byte, especially when paired with the other highlights of the plan. These...

IRS Plus-Up Payments to Begin in July

On Monday, May 17the, the IRS made announcements regarding the upcoming Refundable Child Tax Credit that was created as part of the American Rescue Plan. While not all of the details are available yet, the associated IRS.gov portals are scheduled to go live on July...