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Do not underestimate IRS access to data (exception to requirement for third party summonses)
It is extremely important to keep in mind the full
Is your side hustle a hobby or a business?
According to different surveys, it seems that almost two out of five Americans have a side hustle. The
IRS payment glitch might generate past due notices for married couples
The glitch in the system is if the "secondary" taxpayer (spouse 2) makes a payment, the system might
Philadephia – Permanent Sidewalk cafe license for restaurants
As of 12/31/22, the City of Philadelphia did not renew the temporary sidewalk cafe license that allowed the
IRS FAQ guidance on clean vehicle credits
The IRS released on Dec 29th, 2022 a FAQ (Frequently Asked Questions) for clean vehicles credits for new,
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Delayed implementation of 1099-K – Third party payments
The IRS announced on December 23rd, 2022 a delayed implementation of the 1099-k third party payments. This reporting requirement has been extremely
Well-known tax preparation software sent financial information to Meta
In the last months, we have reported some issues with popular tax software that was charging fees or hide the free version
Philadelphia extends Net Operating Loss to 20 years
If you are a business in Philadelphia and have a loss, you can use that loss against the future profit in the