Taxes
Why Did I Receive a 1099-K?
Changes in what companies are required to report to the IRS were supposed to go into effect this tax year,...
4 Examples of Form 1099-K Scenarios
You can receive Form 1099-K for a variety of reasons. How you report the income listed on your 1099-K depends...
What Do New 1099-K Payment App Rules Mean for Taxpayers?
You may have heard about new tax reporting rules for businesses using third-party payment apps such as PayPal, Cash App,...
Iowa State Tax Due Date for 2023
Iowa State Tax Filing Deadlines 2023 The State of Iowa government has issued the following guidance concerning income tax filing...
What to know about responsible party laws
We hear a lot about “sales tax obligations,” but who exactly in your company is “obligated?” You are, at least...
The 1099-K Reporting Threshold Is Delayed – Now What?
January 19, 2023 In December 2022, the IRS announced that the new reporting thresholds for Form 1099-K have been delayed....
How Student Loan Forgiveness Affects Your Taxes
January 17, 2023 Generally, student loan debt cancellation is considered taxable income. If you are one of the 43 million...
Iowa Tax Brackets and Tax Deductions
Iowa State Tax Brackets 2023 The state of Iowa collects income tax from its residents at the same rate regardless...
How to Check Your Tax Refund Status
One of the hardest parts about doing your taxes? Waiting for that refund to hit your bank account. If you’re...
The latest on sales tax on shipping charges (part 1)
Online sales could not exist without shipping, and the charges associated with shipping are subject to sales tax in many...
Common IRS Penalties & How to Avoid Them
January 12, 2023 Owing the IRS doesn’t just stop with your tax balance. If your tax obligations are not met,...
Sales tax and economic nexus in Puerto Rico
Studies show that some 1.4 million people in the Commonwealth of Puerto Rico (more than a third of population) do...
