equity

Taxpayers Are Turning to IRS Offers in Compromise—but Fewer Are Succeeding

An offer in compromise can give someone with an unmanageable tax debt a path forward. But the latest IRS figures show a difficult trend: taxpayers submitted more offers in fiscal year 2025 than in 2023, while the IRS accepted far fewer in the last decade. That reflects some of what we are seeing in our

Crowfunding contributions might be considered gifts, equity or gross income

In the FS-2024-28, the IRS reminds us how to treat crowdfunding transactions. Note that there were several articles and posts published related to this topic in the IRS website (See links below) and now the IRS is updating some of their guidance, like the 1099K thresholds. If there is a platform or website to request

By |2025-01-07T09:11:39+00:00October 3rd, 2024|Categories: Business|Tags: , , , , , , , , , , |
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