The Next Frontier in Tax Services
From the moment the first taxpayer looked at their tax bill and asked their accountant, "What can we do to make this less next year?," tax planning was born. Tax professionals were asked — and expected
Read MoreThe IRS Delays $600 1099-K Threshold for Another Year
The Internal Revenue Service recently said it would postpone the $600 threshold for reporting transactions on Form 1099-K for the second year in a row, and begin to phase in a threshold of $5,000 starting
Read MoreIRS grants $1B in penalty relief
The IRS has granted about $1 billion in penalty relief to some 4.7 million individuals, businesses and tax-exempt organizations that were not sent automated collection reminder notices during the pandemic.Most
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