Do you use Venmo, CashApp, Paypal, etc?
The IRS calls these third-party settlement organizations (TPSOs). American Rescue Plan Act of 2021 mandated that any TPSO showing...
3rd Estimated Payment due
Each year you should be making estimated payments to avoid underpayment penalties from the IRS. Check your 2023 tax return to see what...
IRS warns about misleading claims of non-existent Self Employment Tax Credit
The IRS issued a consumer alert following bad advice circulating on social media about a non-existent Self Employment Tax Credit that’s...
2nd Estimated Payment Due
Each year you should be making estimated payments to avoid underpayment penalties from the IRS. Check your 2023 tax return to see what...
1st Estimated Payment due April 15th
Each year you should be making estimated payments to avoid underpayment penalties from the IRS. Check your 2023 tax return to see what...
IRS ‘Collection Notices’ Going Out to Millions of Americans Starting Next Week
Since the pandemic, the IRS has been swamped with back paperwork and therefore had paused sending notices to taxpayers that have an...
IRS Reveals Newly Revised Retirement Contribution Limits for 2024
The new changes allow 401(k) participants aged 50 and above to contribute up to $30,500 towards their retirement.
IRS Warns Taxpayers to Adjust Withholding Now or Face a Surprise Later
With 2023 rapidly coming to a close, the Internal Revenue Service today encouraged taxpayers to revi
4th Estimated Payment Due*
Each year you should be making estimated payments to avoid underpayment penalties from the IRS. Check your 2022 tax return to see what...
Lack of bookkeeping records loses deductions
AIPB VOLUME 16: Issue 30 The case: A father and son co-owned a home-remodeling and construction business as an S corp. On their S corp...
