Recent Articles
The IRS advises early filers to postpone their filing until 2023.
The IRS has changed the way it generates 1099-Ks, which is why it is issuing this warning. For taxpayers who typically file returns in late January or early February, the IRS offers the following advice: In 2023, you might want...
The deadline for establishing a flexible spending account is approaching
FSA contributions must be made by December 31; however, some companies let you roll over a portion of the unused funds. Flexible spending accounts (also known as FSAs or flex accounts), which are set up through your employer, enable staff...
The IRS has issued new rules for manufacturers and sellers of clean vehicles.
Vehicles must follow the procedures outlined in the new guidance in order to qualify for one or more clean vehicle tax credits. On December 12, the IRS published a revenue procedure that outlines the essential procedures for creating and selling...
The deadline for Real ID has been extended until 2025.
The deadline for when passengers must have a federally required identification card for domestic flights has been again extended by the U.S. Department of Homeland Security. Five months before the most recent Real ID deadline, the U.S. The federally required...
A psychiatrist was sentenced to 18 months in prison for tax evasion
The professional failed to pay taxes and filed, or caused to be filed, false and fraudulent tax returns with the Internal Revenue Service, which included false statements. A psychiatrist from Oregon, a suburb of Toledo, Ohio, was sentenced to 18...
California owes Kanye West’s Yeezy Clothing Brand $600,000 in back taxes.
In July 2021, as well as February and September 2022, notice letters were sent to the discredited rapper’s company. Kanye West has been dogged by conflict and controversy throughout his career, but now more than ever. His most recent squabble?...