Victor Garrido is honored to be recognized by Forbes as a Best-in-State CPA for the second year in a row (2025 and 2026), following his inclusion in the inaugural Forbes Top 200 CPAs in America list and recognition as a 2025 '40 Under 40' by CPA Practice Advisor, among others. While this recognition is appreciated,
When Congress passed the American Rescue Plan Act (ARPA) in 2021, it lowered the Form 1099-K reporting threshold to $600 — with no transaction minimum. That rule, even if delayed several times, would have drastically expanded the number of Forms 1099-K issued, pulling in even casual transactions like splitting rent or selling used personal items.
If you read our blog, you might be already familiar the Financial Crimes Enforcement Network (FinCen) and some of the tools such as the FBAR (Report Foreign Bank and Financial Accounts when you have an aggregate of $10,000 in foreign accounts), the CTR (Currency Transaction Reports where financial institutions report currency (cash or coin) transactions
