Under a new rule enacted in 2021, third-party payment processors must issue a Form 1099-K to any individual who receives $600 or more in payments for goods or services during a year. However, IRS officials ...

Starting January 1, 2024, buyers of new and used electric (EV), plug-in hybrid (PHEV) and fuel cell vehicles may transfer the Clean Vehicle Credit to a car dealer in exchange for a lower price. These ...

January

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Employees Who Work for Tips - If you received $20 or more in tips during December, you must report them to your employer (employees are required to keep a daily record of tips). All tips ...

January 16, 2024

Hello Friends,

Happy New Year, we hope 2024 finds you all in good health! Tax season is here again, and you should start receiving your tax documents in the coming weeks. Be sure to ...