Deducting Business Miles on Your Tax Return Can Save You Big Money on Taxes for 2022 and in 2023
Deducting business miles for your online business is one of the most overlooked legitimate deductions the IRS allows.
Important Business IRS Tax Filing Deadlines in 2023
Here is a guide for you to plan on business IRS tax filing deadlines in 2023 so you don’t get hit with unnecessary interest charges and penalties.
Why Many eBay and Etsy Sellers Will Still Receive 1099-K Forms in January
While the IRS delayed a new rule on when online sellers will receive a 1099-K form, many will still receive them, even if their sales are under $20K.
IRS Steps In, Postpones 1099-K Implementation of $600 Threshold Regulation For One Year
The IRS said on Friday it will postpone the 1099-K threshold requirement of $600 for one year, providing some relief to marketplace personal and micro sellers.
Last Minute Proposals Surface To Adjust or Delay 1099-K Reporting Requirement – Update 12/22
There are now multiple amendments in Congress to the big $1.7 billion spending bill that would either change or delay the 1099-K reporting requirement.
IRS Scares Sellers About New Form 1099-K Reporting Requirement
A few days ago, the IRS sent out an email reminding taxpayers that more Americans will receive Form 1099-K in January for selling online or providing services
IRS Warns About Gift Card Scams To Pay Fictitious Tax Bills During the Holiday Season
Gift cards are very popular during the holiday season and the IRS issued a new warning about scammers trying to coerce taxpayers to fake taxes with gift cards.
eBay Urges Sellers To Plead With Congress – Fix New Burdensome 1099-K Reporting Requirement Now
eBay is urging sellers in what seems like a last-ditch effort to have Congress raise the new IRS tax reporting threshold.
IRS Extends Filing Deadlines to Taxpayers Impacted by Hurricanes in Florida, North Carolina, Puerto Rico, and South Carolina & Storms in Alaska
The IRS has extended tax relief to taxpayers impacted by Hurricanes Fiona and Ian as well as flooding in Alaska to file various federal tax returns.
IRS Provides Tax Relief to Victims of Storms and Flooding in Missouri and Kentucky
The IRS is providing tax relief to victims of storms that caused flooding in Missouri and Kentucky and it is applicable to both individuals and businesses.