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 MoreWith only a little while left in 2022…It’s time to review your year-end tax plans.Knowing the federal tax breaks to take advantage of and the pitfalls to avoid can save you money. Let’s start
Read MoreTax law has an exception for unconventional “homeowners”. If you are able to “itemize” your deductions, you can deduct the mortgage interest payments even when the deed to the house and the mortgage
Read MoreIf you’re self-employed or a freelancer, you are likely paid as an independent contractor rather than as an employee. And paying taxes as an independent contractor is different from paying employee taxes.Many
Read MoreThe Internal Revenue Service has investigated nearly 1,700 cases of unauthorized access of taxpayer data by its own employees in the past decade, and over one-fourth of them turned out to be violations
Read MoreBecause of an IRS backlog of paper tax returns and its inability to process them, the agency decided to destroy an estimated 30 million paper-filed information return documents in March 2021, according
Read MoreFind out what it takes to be part of the "44%" who don't pay taxes.You've probably heard about the famed 44% of Americans who pay no income taxes at all. How do you join this club? Here are several ways
Read MoreDid you work from home this year? Find out when you can claim the home-office tax deduction. If you were part of the “Great Resignation” and it lead you to start a business or become your own
Read MoreNow you can check the status of a tax refund in just a few clicks using the Where’s My Refund tool created by the IRSBy far, the question most asked of any tax professional (erroneously, because we have
Read MoreThe IRS has created a special page to provide current updates and the latest tax filing informationTo assist taxpayers and tax professionals, the IRS created Help for taxpayers and tax professionals: Special
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