Tax Problem Solver

    Archive Monthly Archives: December 2022

    What the Wealthy Can Fear from a New IRS Law on $600 Payments

    • December 13, 2022

    A new IRS law that requires cash apps and online marketplaces including Venmo and eBay to send tax documents to millions of Americans is ensnaring a surprising demographic: the wealthy.Under the rule,

    Read More

    What the $80 Billion in IRS Funding Means for Your Tax Return

    • December 13, 2022

    Should taxpayers expect more scrutiny from the Internal Revenue Service, a chunk of whose $80 billion in additional IRS funding will pay for more auditors to ferret out tax cheats?Shortage of IRS accountants

    Read More

    What Is a 1099-K? Who Gets One and How It Works

    • December 12, 2022

    Simply put, a 1099-K form is a record that a third-party payment network transferred at least $600 to you during the year.Did you get paid more than $600 in 2022 for goods or services through a third-party

    Read More