Taxes
4 Common Misconceptions About Form 1099-K in 2022
If the new 1099-K reporting thresholds have you confused as an online seller or payment app user, you’re not alone....
Online Seller 1099-K FAQs and Scenarios Explained
You’ve heard about the new IRS reporting thresholds for Form 1099-K that went into effect this year, but you may...
How to Maximize Tax Benefits of Gifts
November 3, 2022 Giving Tuesday falls on Tuesday, November 29th this year and taxpayers are gearing up for their annual...
How to Expense Business Repairs
November 1, 2022 Certain business owners, including sole proprietors, businesses and rental property owners, can deduct expenses related to maintenance...
Sales tax concerns if you sell through multiple channels
This article was originally featured in the Retailist on October 3rd, 2022. Businesses have new ways to sell today, as...
Vehicles for Business Use
October 27, 2022 You can deduct vehicle expenses if you use your car for business purposes. You can even deduct...
Tricky items for sales tax (Part 3)
Our Halloween-month look at tricky items concludes with a natural: candy. Consumers are expected to spend more than $3.1 billion...
How to Avoid Tax Scams and SMishing
October 25, 2022 The IRS recently announced that there has been an increase in tax-related scams where taxpayers personal financial...
What was new in September for state sales and use taxes
There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent...
Itemized Deductions vs. Above-the-Line Deductions
You probably know that claiming income tax deductions reduces your taxable income. But did you know that not all deductions...
How Home Equity Loans Affect Taxes
October 21, 2022 Sometimes the idea of taking out a second mortgage can be a viable solution to eliminating debt,...
Will New IRS Funding Mean More Audits?
The IRS will receive an extra $80 billion in funding over the next decade thanks to the Inflation Reduction Act....
