Students and other young people who earn summer income, including gig economy and other self-employment income, should prepare now for potential federal tax obligations. In particular, minors and young adults with self-employment earnings (including […]
From the July, 2022
Here is an answer to one of the most common questions about the new over $600 1099-K rule. Why have I never gotten 1099-K forms from payment processors before? Prior to tax year 2022, […]
Here is an answer to another one of the most common questions about this new over $600 1099-K rule. When will I receive a 1099-K form if my payments exceed the threshold? Third-party payment […]
Here is an answer to one of the most common questions about this new over $600 1099-K rule. Do payments from friends and families (splitting a check, gifts, etc.) count toward the form 1099-K […]
A new IRS rule may affect millions of taxpayers who receive payments through third-party processors like PayPal, Venmo, Zelle and Square. The rule applies to payments for goods and services, including payments for independent […]
The IRS has added a new feature to the “Where’s My Refund?” tool, available online (link below) and in the IRS2Go mobile app. Previously, you could only use the tool to check your refund […]