1099-K Reporting Threshold Last Minute Change
2023 Taxes, Tax Reform, Tax TipsArticle Highlights:
1099-K Reporting.
Third-party Settlement Organizations.
American Rescue Plan of 2021 Mandated Reporting Threshold.
Delayed Implementation
2023 Threshold
2024 Planned Phase-in Threshold
Following feedback…
Year-End Tax Planning Opportunities Are Here
2023 Taxes, Tax Planning, Tax TipsArticle Highlights for End of Year:
Not Needing to File a 2023 Year Return?
Are Your Children Attending College?
Did You Sell Your Home This Year?
Do You Have an Employer Health Flexible Spending Account?
Did You Become Eligible…
Taxes and Holiday Gift Giving
Deductions, Holidays, Tax Tips, TaxesArticle Highlights:
Watch Out for Holiday Gift Scams
Gifts with Tax Benefits
Gift of College Tuition
Gift of College Student’s Supplies
Payoff of Student Loan Debt
Clean Car Credit
Qualified Tuition Programs
Qualified…
Cracking the (Tax) Code: Your Guide to Tax Jargon
Tax Tips, TaxesDo taxes have you feeling like you've stumbled into a secret society with its own language? You're not alone! The world of taxes is full of jargon that can leave even the savviest of individuals scratching their heads. But don't worry, we’re…
A Tax Twist on Your Favorite Game Show
Tax TipsArticle Highlights:
Unexpected 1099-MISC
Cash Winnings
Prize Winnings
Famous Prize Winnings
If you like to watch game shows and enjoy all the excitement that goes with watching contestants win prizes, then you can add another…
Innocent Spouse Tax Relief
Tax News, Tax Planning, Tax Refund, Tax TipsArticle Highlights
Overview
Innocent spouse relief
Separation of liability
Equitable relief
Fairness Facts and Circumstances
Confidentiality
If you are or were married and filed your federal tax return jointly with your…
Made a Mistake on Your Tax Return, so What Happens Now?
Tax Planning, Tax Tips, TaxesArticle Highlights:
Tax Return Mistakes are Common
Fixing Tax Return Mistakes
Amended Return
Superseding Return
Don’t Procrastinate in Responding to IRS
Common Family Tax Mistakes
Generally speaking, tax return mistakes…
How Does Education Impact Your Taxes?
Education, Student Loans, Tax TipsThe kids are back in school! Things like student loans, scholarships, and fellowship grants can play a role in parents’ and college students’ tax liability. Let’s look at how education costs can impact your taxes.
Student Loan Forgiveness
Student…
Tax Breaks for Grandparents
Tax Credits, Tax TipsArticle Highlights:
Head of household filing status
Earned income tax credit
Child tax credit
Child care credit for certain working grandparents
Grandchild’s education credits
Medical and dental expenses
More and more…
Mid-Year Tax Planning Checklist 2023
Tax Planning, Tax Tips, TaxesArticle Highlights:
Mid-Year Planning
Avoiding Unpleasant Surprises
Events That Have Tax Consequences
Waiting until after the close of the tax year to worry about your taxes can result in missed opportunities that could have reduced…