Recent Articles
Any IP in The Possession of a US Entity or Individual is Worth Close to Zero Because it is no Longer Feasible to Spend Money on its Further Development
Merry Christmas! There is an arctic outbreak in the Eastern United States and the Midwest. The cool air invades Northern Canada. The temperatures dropped by about 20 degrees below average. Bad road conditions, power outages due to storms, and below-freezing...
The IRS suspends the $600 1099-K threshold rule.
A delay in the third-party settlement organizations’ reporting thresholds that were supposed to go into effect for the upcoming tax filing season was announced by the Internal Revenue Service today. A delay in the third-party settlement organizations’ reporting thresholds that...
A Brief Summary Of Current Tax Issues – 27th December
The tax filing season for 2023 is about to begin. Individual taxpayers should begin gathering all of the information required to file their 2022 returns. Tax Day is approaching. The deadline for filing 2022 tax returns will be here before...
Returns from e-commerce can eat into your profits.
According to the National Retail Federation, customers return about 20% of the goods they purchase online. Some of your customers may be in the midst of their busiest time of year. However, according to the National Retail Federation, customers return...
The $600 Threshold for 1099-K Reporting, according to the AICPA, is too little and out-of-date
The $600 threshold was established by Internal Revenue Code Section 6041 in 1954, and it does not take inflation into consideration. The American Institute of CPAs expressed serious concerns about the Form 1099-K, Payment Card and Third Party Network Transactions,...
The Internal Revenue Service has issued guidance on the new Sustainable Aviation Fuel Credit.
It covers fuel mixtures with sustainable aviation fuel that are sold or used in the years 2023 and 2024. The Sustainable Aviation Fuel (SAF) credit is a new tax incentive introduced by the Inflation Reduction Act of 2022. On December...