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Around 22 months delay to resolve identity theft – Consider the IRS Identity Protection PIN

In the mid year report to Congress, National Taxpayer Advocate Erin M. Collins stated that there are significant delays for victims of identify theft, which subsequent delays on their refunds. As reported in the IR-2024-173, the average time to resolve the identify theft when up from 19 months in 2023 to 22 months in April

By |2024-06-26T18:48:13+00:00July 11th, 2024|Categories: Individuals|Tags: , , , , , , , , |

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 2023, the 1099-k will be released if the taxpayer receives over $20,000 and has more than 200 transactions in 2023. Based on the IRS website, the current plan for 2024 is the threshold to be $5,000 and

By |2023-11-22T16:47:13+00:00November 22nd, 2023|Categories: Business, Individuals|Tags: , , , |
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