Thursday January 12, 2023 – The Taxpayer Advocate Service (TAS) is an independent organization within the Internal Revenue Service (IRS) that helps taxpayers resolve problems with the agency. Each year, by law, the TAS releases … Continue reading Most Serious IRS Problem – Processing Delays
New Congress First Target – IRS
Wednesday January 11, 2023 – With the new House Majority, Republicans are pledging to use their power to identify agencies at which to slash budgets. Their vote on Monday was the first step in this … Continue reading New Congress First Target – IRS
GOP Wants to Shrink IRS by $70 Billion
Monday January 9, 2023 – The recently seated Republican majority recently proposed a bill that would cut the IRS budget by $70 billion. This proposal has been met with mixed reactions from both sides of … Continue reading GOP Wants to Shrink IRS by $70 Billion
What is a 1099-K Used For?
Thursday December 29, 2022 – There is much confusion about the 1099-K, no thanks to the IRS changing the reporting threshold rules – after the reporting threshold rules were changed by the American Rescue Plan … Continue reading What is a 1099-K Used For?
1099-K Rule Delayed: What You Need To Know
Wednesday December 28, 2022 – The Internal Revenue Service (IRS) recently announced that it is delaying the implementation of 1099-K reporting requirements until January 2023. This delay affects businesses and individuals who receive payments from … Continue reading 1099-K Rule Delayed: What You Need To Know