LATEST NEWS
Tax Court Disallows Real Estate Professional Status Due to Insufficient Hours
From a tax point of view, Real Estate investments can
The IRS delays again the 1099k implementation and potential new thresholds
Yesterday, the IRS made official the delay on the 1099-k implementation for the $600 threshold for 2023. In
More notice of deficiencies in circulation and potential last resort, U.S. Tax Court
Over the summer and until now, we have observed a higher number of Notices of Deficiencies from the
IRS to receive an additional 30 million 1099-k
The IRS will received approximately 44 million forms 1099-k (this form is for electronic transactions over $600 during
IRS estimated tax gap of around $668 billion for 2021
The IRS is reporting the tax gap (amount of money that taxpayers are not settled with the Federal
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Do not rely on Tiktok tax advice – Check with a reputable professional!
In mid June 2024, Victor Garrido attended an IRS conference "Working Together" where the IRS made presentations on several topics. One of
Bipartisan Budget Act of 2015 first results of partnership audit procedures
As the IRS is increasing the attention on partnership returns, especially those with higher asset value or more complexity, we should keep
Educational assistance program – benefits up to $5,250 are not compensation (box 1 – w2)
In the IR-2024-167, the IRS shares the Frequently Asked Questions and general guidance on how the employee's w2 will not reflect any