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Misleading consumers? Deceptive claims? Get ready to pay millions in fines

The Federal Trade Commission is extremely busy targeting businesses that are misleading consumer or employ deceptive claims for money making opportunities.   Misleading consumer on social media, which it is extremely common even in the tax industry ensuring $50,000 of tax savings for clients on average, a million dollar tax refund, etc. might generate a

By |2024-07-31T05:37:09+00:00November 18th, 2024|Categories: Business, Individuals|Tags: , , , , , , , , , , , |

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 |2024-11-12T17:47:29+00:00October 3rd, 2024|Categories: Business|Tags: , , , , , , , , , |
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