Tax Blog

Name, Image, and Likeness (NIL) income, or income gained from personal brand influence, has opened opportunities for student-athletes in college athle

The Internal Revenue Service encourages taxpayers to check out IRS.gov for tips, tools and resources to help them get ready to file their 2023 federal income tax return.

The IRS has announced new penalty relief totaling around $1 billion to approximately 4.7 million individuals, businesses, and tax-exempt organizations

The Internal Revenue Service updated and modified guidance surrounding an assortment of clean energy credits and other provisions over the closing days of 2023. Some of the changes will be in effect next tax season, while other alterations will not be realized for a year or more. Here is a brief overview of what to expect on the clean energy front in the near future.… Read more about IRS Updates Flurry of Clean Energy Provisions in Closing Days of 2023 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The IRS delayed the implementation of the new $600 Form 1099-K reporting threshold for third-party payment organizations. They plan a phased-in approach, with a $5,000 threshold set for 2024 to gradually implement the reporting requirements introduced under the American Rescue Plan. Read about the policy in our latest blog post.… Read more about IRS Delays 2023 Form 1099-K Threshold, Introduces $5,000 for 2024 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The IRS and its Security Summit partners from the national tax industry and state tax agencies announced the 8th annual National Tax Security Awareness Week, set to begin November 27. Read more about the education and resources available to tax preparers in the latest edition of the blog.… Read more about National Tax Security Week Begins November 27 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…