All taxpayers filing 2022 tax year Forms 1040 and 1040-SR must check a box indicating whether they received digital assets as a reward, award or payment for property or services or disposed of any digital asset that was held as a capital asset through a sale, exchange or transfer. Examples of digital assets transactions include:… Read More
TAX TIP FROM THE IRS. If taxpayers receive a Form 1099-K, they should use that information with their other tax records to determine their correct tax liability. Taxpayers must report all their income on their tax return unless it’s excluded by law, regardless of whether they receive a Form 1099-K. Taxpayers will receive Form 1099-K… Read More
Whether someone travels for work once a year or once a month, figuring out travel expense tax write-offs might seem confusing. The IRS has information to help all business travelers properly claim these valuable deductions. Here are some tax details all business travelers should know Business travel deductions are available when employees must travel away… Read More
Para ayudar a los contribuyentes a navegar el comienzo de la temporada tributaria de 2023, el Servicio de Impuestos Internos (IRS) ofreció hoy una lista de verificación con recordatorios para las personas, conforme se preparan para presentar la declaración de impuestos. Desde la recopilación de documentos hasta la presentación de su declaración, estos pasos ayudarán… Read More
As people get ready to file a 2022 tax return, they may have questions or need additional information. IRS.gov has tools and resources that can put the information a taxpayer needs at their fingertips. Taxpayers can bookmark the links below or save them as favorites on their computer or other device. Having this info just a click… Read More
IRS releases frequently asked questions about clean vehicles credits for new, previously owned and commercial clean vehicles WASHINGTON ̶ The Internal Revenue Service today released frequently asked questions (FAQs) about clean vehicle credits for new, previously owned and commercial clean vehicles in Fact Sheet (FS-2022-42). The Inflation Reduction Act of 2022 (IRA) makes several changes to… Read More
In recent years, the gig economy has changed how people do business and provide services. Taxpayers must report their gig economy earnings on a tax return – whether they earned that money through a part-time, temporary or side gig. The IRS’ Gig Economy Tax Center provides information and resources to help this group of entrepreneurs and workers… Read More
Important info for people considering making early withdraws from retirement funds No matter how much people plan, unexpected events occur. Often, those events result in unplanned expenses. To cover these costs sometimes people, withdraw funds from their retirement savings early. While this may seem like an easy way to get cash quick, early withdrawals can come… Read More
La administración financiera puede ser la parte más intimidante de dirigir un negocio. El objetivo de nuestros servicios es mitigar este temor. Nuestro contador le brindara a su empresa toda la asesoria y gestion financiera empresarial, Todos los empresarios están en el negocio para obtener ganancias, pero solo algunos lo hacen. Un paso crítico para… Read More
When the IRS needs to ask a question about a taxpayer’s tax return, notify them about a change to their account, or request a payment, the agency often mails a letter or notice to the taxpayer. Getting mail from the IRS is not a cause for panic but, it should not be ignored either. When… Read More