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The IRS now requires 1099-K forms for digital payments over $5,000. To stay compliant, separate business and personal accounts, keep clear records, and use accounting software. Got a 1099-K in error? Don’t ignore it—contact the issuer and reconcile with your records. Need help? TAG us in!
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Amending a tax return can help you claim missed refunds or fix major errors, but it may lead to IRS scrutiny and long delays. It's best to weigh the pros and cons carefully and consult a CPA to decide if an amendment is the right move for your tax situation.
IRS layoffs may slow tax processing, especially for paper returns or those needing manual review. To avoid delays, file electronically, double-check for errors and submit early.
Why Tax Planning Should Be Part of Your Retirement Plan
When planning for retirement, most people are focused on saving and investing wisely—both very important elements of any retirement plan. However, beyond understanding just how much you need to save now for your future retirement, it’s als...
When planning for retirement, most people are focused on saving and investing wisely—both very important elements of any retirement plan. However, beyond understanding just how much you need to save now for your future retirement, it’s als...
September 15th is just around the corner. For most people, that date might not mean much, but for many business owners, September 15th is a source of a great deal of stress. If you filed for an extension on your business tax return in the spring, that date is your new deadline, and it’s ap...
September 15th is just around the corner. For most people, that date might not mean much, but for many business owners, September 15th is a source of a great deal of stress. If you filed for an extension on your business tax return in the spring, that date is your new deadline, and it’s ap...