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Category: IRS

March 1, 2023

Deferral of Form 1099-K Requirement

What is a Form 1099-K? This is an IRS tax form that summarizes transactions…

1099-K, General Business, IRS, Small Business, Technology

January 17, 2023

IRS Announces Delay For Implementation of $600 Reporting Threshold For Third-party Payment Platforms’ Forms 1099-K #2

The following information is from IRS.gov, Issue Number IR-2022-226: WASHINGTON — The Internal Revenue…

IRS, Tax

January 17, 2023

Document Retention Policies for Businesses

Setting a document retention policy for a business is no simple task because, generally,…

Business Start-Ups, General Business, IRS, News, Small Business

December 6, 2022

Delayed COVID-19 Relief

Many businesses are asking why the relief requested during the COVID-19 outbreak has still…

COVID-19, General Business, IRS, Small Business, Tax, Tax Relief

December 6, 2022

Energy Credits and the Inflation Reduction Act #2

The Inflation Reduction Act was signed into law on August 16, 2022. It includes…

Energy Credits, General Business, Inflation, Inflation Reduction Act, IRS, Small Business, Tax, Tax Credits, Tax Incentives

December 6, 2022

Back by Popular Demand: Tools, Tips & Tidbits for Tax Year 2022

Several COVID-19 related tax provisions are set to expire for the 2022 tax year:…

Accounting, Child Tax Credit, COVID-19, General Business, Human Resources, Intuit / QuickBooks, IRS, Small Business, Tax

October 21, 2022

IRS Warns Employers About Third Parties Promoting Improper ERTC Claims #2

There have been many recent news stories on how the IRS is cracking down…

COVID-19, ERTC, General Business, IRS, PaycheckProtectionProgram, Tax Credits, Tax Relief

September 16, 2022

Taxpayer Advocate Service – the “Taxpayer’s Voice” at the Internal Revenue Service (IRS) #2

It would be safe to say that no one wants to deal with the…

Articles, General Business, IRS, Small Business, Tax, Tax

July 7, 2022

What Is An “IP PIN,” and Do I Need One? #2

In times where identity theft is rampant, it may be a good idea to…

General Business, IRS, Small Business, Tax, Technology

September 9, 2021

Top IRS Audit Issues

IRS audits are on the uptick, as IRS employees are returning to a more…

Articles, IRS, Tax