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What You Should Know About the Inflation Reduction Act
On August 16, President Biden signed the Inflation Reduction Act of 2022 into law. This bill aims to fight climate change, tax wealthy corporations, make health care and prescription drugs affordable, and find more funding for the IRS. Even though
Income Earned in Cash Apps is Now Taxable
Beginning January 1, 2022, third-party settlement organizations have a requirement to issue a Form 1099-K to payees who have business transactions of more than $600 in a calendar year. The previous threshold was either 200 transactions or $20,000 in payments
How The Internal Revenue Service is Trying to Alleviate Their Paperwork Backlog
When you owe the Internal Revenue Service (IRS) money, life can be stressful. Add a long wait time to that process, and it gets even worse! As many people have experienced recently, long wait times for tax document processing have