by TallyPage Accounting and Bookkeeping | Dec 10, 2023 | Tax Tips and News
In a recent announcement, the Internal Revenue Service (IRS) has decided to delay the implementation of the new $600 Form 1099-K reporting threshold for third-party payment organizations. The decision to treat 2023 as a transition year comes in response to feedback...
by TallyPage Accounting and Bookkeeping | Nov 29, 2023 | Tax Tips and News
The IRS and its Security Summit partners from the national tax industry and state tax agencies announced the 8th annual National Tax Security Awareness Week, set to begin November 27. Protection of financial information and identity theft prevention are the focus of...
by TallyPage Accounting and Bookkeeping | Nov 23, 2023 | Tax Tips and News
The window for claiming a pandemic-driven tax credit is still open to taxpayers who didn’t take advantage of it during the main Covid outbreak. But closing dates are approaching, making filing a claim for eligible taxpayers (tax years 2020 or 2021) a priority for tax...
by TallyPage Accounting and Bookkeeping | Nov 14, 2023 | Tax Tips and News
The Internal Revenue Service has passed along an early Christmas present of sorts to many taxpayers by increasing the maximum contribution amounts for 401(k) plans in 2024. The contribution hike covers those employees who take part in 401(k), 403(b), or most 457...
by TallyPage Accounting and Bookkeeping | Nov 11, 2023 | Tax Tips and News
As electric cars become more common on American roads, fully electric autos (termed “clean vehicles” by the Internal Revenue Service) are now showing up in the used car markets. Owners of new electric vehicles are already able to claim the Clean Vehicle...
