Decoding IRS Changes: Form 1099-K

Decoding IRS Changes: Form 1099-K

The Internal Revenue Service (IRS) has tweaked the rules for Form 1099-K, and here’s the scoop! This adjustment comes after getting feedback from taxpayers, tax pros, and payment processors. The goal? Less confusion. The IRS has hit the pause button on the new...
2023 Major Tax Changes, Tax Brackets Updates & More

2023 Major Tax Changes, Tax Brackets Updates & More

This post represents 2023 taxes that will be filed in April of 2024. Preparing for 2023 means understanding all the financial and tax changes that are about to take place. From tax brackets 2023 changes to corporation tax increases, changes to retirement plan...