- Healthcare Systems and Controversial Tax Breaks: Everything You Need to Know
- Healthcare systems are receiving billions in tax breaks across the country, leading to national debate. Find everything you need to know here.
- E-File Mandate - Reporting of Cash Payments Over $10,000
- Starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300.
- 1099-K Reporting Threshold Last Minute Change
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Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the Internal Revenue Service has announced a delay of the new $600 Form 1099-K reporting threshold for third-party settlement organizations for calendar year 2023.
- IRS Expands Requirement to E- File Information Returns Starting in 2024
- Businesses, whether operating as a corporation, partnership, or a sole proprietorship, have been required to electronically file information returns when the aggregate number of these returns, regardless of the type of return, for a tax year was more than 250. The IRS issued regulations in February 2023 lowering the threshold to 10 or more returns, effective with the returns filed on or after January 1, 2024. For the most part, this means the electronic filing mandate will apply to 2023 information returns.
- Video Tips: Tax Opportunities for Low-Income Years
- Is your income lower than usual this year? Here are some tax planning opportunities you should take advantage of.
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