penalties

1099k tax form with a pen on top
Tax blog
iFind Taxpro

Common Mistakes in Sales Tax Reporting and 1099 Filings

Steer Clear of Tax Trouble: Key Errors That Could Lead to Compliance Issues and Penalties Accurate sales tax returns and timely 1099 filings are important for businesses of all sizes. However, navigating these complex tax issues can be challenging. Here’s a

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Word AMENDMENT composed of wooden letters. Closeup
Tax blog
Team iFindTaxPro

Amending Your Tax Return: Form 1040-X and Deadlines

Discover how to correct errors and make amendments to your recent tax return using Form 1040-X. If you’ve identified errors or omissions in your 2022 tax return, there’s no need to worry. You can rectify these mistakes by filing Form

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Life Settlement Taxation at the Federal and State Levels.
Tax blog
Team iFindTaxPro

Life Settlement Taxation at the Federal and State Levels.

Implications for Policyholders and Financial Reorganization Strategies Selling policyholders life settlement were subject to a greater tax burden due to the lower cost basis because proceeds up to the policyholder’s cost basis are not subject to taxation. As record-high inflation

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