If you're reading this blog post, you've probably received an IRS Form 1099-K, and you want to know what to do with it.
Can you ignore it, or do you need to report it on your tax return?
Short answer, you do need to report it on your tax return or face receiving a nasty letter from the IRS with...
In today's blog post, I've got something special for you -- a YouTube video where I'm sitting down with Michael Sullivan, who's not just any tax expert. He's a former IRS Agent and a familiar face on News Maxx, Fox News, and ABC, just to name a few.
He was an IRS insider for over a decade....
Business owners know tax season can be a bit of a drag. But I've got something that will make it a whole lot better! I'm excited to introduce you track1099.com in today’s blog—a real lifesaver for filing your 1099 tax forms.
So What is Track1099?
Track1099 is a...
Today, I have a good story for you. It’s about a young professional named, Karen, who thought she had taxes all figured out until tax season rolled around. Her mistakes were a bit costly, but they're also incredibly common.
Karen was doing well, living her best life. She had just...
In today's blog post, I've got something special for you -- a YouTube video where I'm sitting down with Michael Sullivan, who's not just any tax expert. He's a former IRS Agent and a familiar face on News Maxx, Fox News, and ABC, just to name a few.
We're diving deep into the IRS Offer in...
Breaking news! The IRS just announced they're delaying and revising the 1099K reporting changes that were supposed to go into effect starting this year 2023.
As you probably know, payment settlement entities were planning on issuing 1099K tax forms to individuals and online sellers who...
Today, I’m summarizing what you absolutely must know about the new $600 form 1099-K rules. Now if you’re thinking… wait a minute… the IRS delayed this last year, I’ve heard Congress is working on increasing the limit to say $5,000 or even higher.
Well,...
Today, we've got some exciting news that could make tax season a little less stressful for many Americans. The IRS is planning to test a free online tax system in 13 states this upcoming tax season. It’s called the Direct File program. Let's dive into the details!
What is the Direct File...
The IRS just made an unprecedented announcement. They’re moving fast, to protect the American taxpayer from scams, from these so called ERC or employee retention tax credit promoters.
If you didn’t know, this was the $26,000 tax credit for small businesses who kept employees on...
Fake IRS letters are going around again. I want to arm you with the information you need so that you never get scammed by a fake IRS letter.
I’ll provide a few examples, and after reading this blog post, you’ll have the information you need to never get tricked by an IRS scam letter....
People are wondering about the ramifications of taxes with everything that’s going on with Anthony Farrer of the Timepiece Gentleman.
I don’t know if he is or he isn’t filing his tax returns and paying his taxes, but he probably isn’t. The question is...
Can Anthony...
Here's an updated video on the best way to call the IRS by telephone. I’ll give you two options to quickly navigate the IRS automated telephone maze. And this should allow you to quickly speak to a live person at the IRS in the shortest possible time.
Calling the IRS can be...
