Businesses: Prepare for the lower 1099-K filing thresholdMay 16, 2022Educational Articles Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022 because more…Read More
Inflation enhances the 2023 amounts for Health Savings AccountsMay 10, 2022Educational ArticlesThe IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result…Read More
Businesses may receive notices about information returns that don’t match IRS recordsMay 3, 2022Educational ArticlesThe IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that…Read More
The tax mechanics involved in the sale of trade or business propertyApril 26, 2022Educational ArticlesWhat are the tax consequences of selling property used in your trade or business? There are many rules that can…Read More