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IRS warns of tax schemes spreading on social media
The IRS has issued a warning about the growing threat of bad tax advice on social media. According to the agency, these ...
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If You Were Paid via PayPal, Venmo or Cash App This Year, You Should Know About This New IRS Tax Rule
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...
Expatriation: New Forms, More Government Scrutiny, Bigger Stakes
Revised State Dept. and IRS forms indicate increased government scrutiny for expatriation. The tax noose is tightening for ...
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New IRS Form 15620 Standardization Simplifies Section 83(b) Elections
The Internal Revenue Service (IRS) recently released IRS Form 15620, Section 83(b) Election (Form 15620), an approved form for taxpayers to use ...
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IRS provides additional transition relief for third party settlement organizations reporting on Form 1099-K
On November 26, 2024, the IRS issued Notice 2024-85, providing a revised timeline for the transition to the $600 threshold in section 6050W(e), ...
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IRS provides resources for the 2025 filing season
With tax season approaching, the International Revenue Service (IRS) is reminding people to get ready to file their 2024 tax ...
9th annual National Tax Security Awareness Week: IRS warns against holiday scams
Since 2015, the IRS and the Security Summit have used this week to warn taxpayers and tax professionals to protect their ...
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IRS again delays effective date of $600 threshold for Form 1099-K reporting
The delay, the third by the IRS for Form 1099-K reporting for third-party settlement organizations, will treat 2024 and 2025 as transition years.