Blog tagged as IRS

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!

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.