Do you use Venmo, CashApp, Paypal, etc?
The IRS calls these third-party settlement organizations (TPSOs). American Rescue Plan Act of 2021 mandated that any TPSO showing...
3rd Estimated Payment due
Each year you should be making estimated payments to avoid underpayment penalties from the IRS. Check your 2023 tax return to see what...
IRS warns about misleading claims of non-existent Self Employment Tax Credit
The IRS issued a consumer alert following bad advice circulating on social media about a non-existent Self Employment Tax Credit that’s...
2nd Estimated Payment Due
Each year you should be making estimated payments to avoid underpayment penalties from the IRS. Check your 2023 tax return to see what...
1st Estimated Payment due April 15th
Each year you should be making estimated payments to avoid underpayment penalties from the IRS. Check your 2023 tax return to see what...
Filing season has officially begun!
Today the IRS opened for filing 2023 tax returns. The deadline to file business taxes is March 15th and personal taxes is April 15th. Get...
IRS ‘Collection Notices’ Going Out to Millions of Americans Starting Next Week
Since the pandemic, the IRS has been swamped with back paperwork and therefore had paused sending notices to taxpayers that have an...
From our families to yours…
🍗🍴🦃Happy Thanksgiving!
IRS announces delay in Venmo, CashApp, PayPal, etc. reporting threshold
"IR-2023-221, Nov. 21, 2023 — Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer...
IRS Reveals Newly Revised Retirement Contribution Limits for 2024
The new changes allow 401(k) participants aged 50 and above to contribute up to $30,500 towards their retirement.
