by Taxing Subjects | Apr 8, 2025 | Tax Tips and News
After a few years of delays, the reporting threshold for third party settlement organizations (TPSOs) reported on a Form 1099-K has officially dropped in 2025. This significant change, which is not the only one affecting Forms 1099-K this year, could affect various...
by Taxing Subjects | Mar 22, 2025 | Tax Tips and News
Every tax season, scammers ramp up their efforts to steal personal and financial information from taxpayers, businesses, and tax professionals. To combat these fraudulent activities, the IRS has released its Dirty Dozen list for 2025, highlighting common tax scams....
by Taxing Subjects | Feb 20, 2025 | Tax Tips and News
The Internal Revenue Service (IRS) and the Coalition Against Scam and Scheme Threats (CASST) have introduced new measures for the 2025 tax filing season to help tax preparers safeguard their clients from scams and fraudulent schemes. These changes include enhanced...
by Taxing Subjects | Feb 5, 2025 | Tax Tips and News
Cryptocurrencies, NFTs, and More: Digital Asset Tips for Tax Preparers From cryptocurrencies like Bitcoin to NFTs and other blockchain-based tokens, digital assets present unique challenges—and opportunities—in tax compliance. Staying informed about digital assets and...
by Taxing Subjects | Jan 28, 2025 | Tax Tips and News
IRS Extends Tax Relief for Southern California Wildfire Victims The IRS has announced significant tax relief measures for individuals and businesses affected by wildfires and straight-line winds in southern California. These relief measures extend federal tax filing...
by Taxing Subjects | Jan 14, 2025 | Tax Tips and News
Business E-File Opens on January 15th, 2024. Direct File Opens January 27 for Taxpayers in 25 States More and more taxpayers are leaning towards the convenience and speed of electronic filing (e-file) leading to many of us wanting to know exactly when e-filing starts....
