by Russell Green | Nov 22, 2024 | IRS Resources
Cryptocurrency transactions have historically been underreported, leading to a significant loss in potential tax revenue. A report from the U.S. Government Accountability Office highlighted that tax compliance rates improve dramatically with third-party reporting, but...
by Russell Green | Nov 29, 2023 | IRS Resources
November 28th, 2023 The Internal Revenue Service categorizes 1099 tax forms as information returns. These forms provide details about various financial transactions, Failure to file tax returns with government agencies and send them to individual taxpayers can...
by Russell Green | Oct 16, 2023 | IRS Resources
October 16th, 2023 You ran out of time or couldn’t get everything together by April 15th so you put your return on extension. For whatever reason, you still haven’t filed by the extended filing date. At this point, a proactive approach is recommended. Here are some...
by Russell Green | Jul 19, 2023 | IRS Resources
Your New York corporation may be organized as a nonprofit, but you will need to obtain tax exempt status from the IRS, usually classified under Section 501(c)(3) of the Internal Revenue Code to be treated as such by the IRS. Otherwise, your organization will be...
by Russell Green | Jul 4, 2023 | IRS Resources
The New York State (NYS) sales tax is a consumption tax imposed on the sale of most tangible personal property and certain services within the state. Here’s an overview of some of the key points to consider: The sales tax rate varies depending on the location....
