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.
Why the Prospect of a 1099-K at the End of the Year Is Keeping People From Turning Stuff Into Cash on eBay
Inflation is hitting American and global consumers globally as gas prices continue to rise and trips to the grocery store usually result in sticker shock….
1099-K Forms – What eBay, Etsy, and Online Sellers Need to Know
1099-K forms can be confusing, especially when sellers receive them for the first time. If you sell on your own website or on an online…
The IRS Just Put a Monkey Wrench Into PPP Loans
The IRS issued Notice 2020-32, which “provides guidance regarding the deductibility for Federal income tax purposes of certain otherwise deductible expenses incurred in a taxpayer’s…
IRS Portal Now Live For Taxpayers to Provide Direct Deposit Information For $1,200 Stimulus Payment
The portal for taxpayers who filed their 2018 or 2019 taxes but did not provide direct deposit information is now available. Filers can now use…
Check Your Bank Balance – You May Have Received Your Economic Impact Payment
The IRS confirmed in a tweet today that the first round of economic impact payments has been sent by direct deposit to individuals and families….
IRS Webportal Now Open For Non-Filers to Receive Their $1,200 Stimulus Check by Direct Deposit
On Friday, the IRS opened up the first of two mechanisms for people to receive their Economic Impact Payment (“coronavirus stimulus payment”) through direct deposit,…
IRS / SBA / U.S. Secret Service Warnings of Coronavirus Stimulus Scams And Phishing Attacks
With the coronavirus stimulus packages passed in Washington, scammers and fraudsters see an opportunity to take advantage of people trying to make ends meet or…
Report: $1200 Coronavirus Stimulus Checks to Start April 9
According to reporting from the Washington Post based on internal documents the newspaper obtained, the IRS draft plans suggest the coronavirus stimulus payments to individuals…
PayPal Can Now Be Used To Pay The IRS
Tax season has officially begun, which means millions of US households are preparing to file their taxes by the April 15th deadline. Income tax payments…