by Russell Green | Nov 14, 2025 | IRS Resources
November 14, 2025 There are significant changes to information-return reporting requirements under Public Law 119-21, including revisions to Forms 1099-NEC, 1099-MISC, and 1099-K. The law modifies several thresholds and clarifies reporting responsibilities beginning...
by Russell Green | Nov 14, 2025 | IRS Resources
November 14, 2025 On July 4, 2025, President Donald Trump signed the nearly-900-page One Big Beautiful Bill Act, which includes 250 pages of tax provisions. It’s complicated. And, there are varying reports of many of the details available in print and online. While...
by Russell Green | May 7, 2025 | IRS Resources
May 5th, 2025 The US income tax system is a “pay-as-you-go” system, which means the IRS expects individuals to pay taxes on income as they earn it, not all at once at the end of the year. If you have insufficient withholdings and/or estimates paid in, you may trigger...
by Russell Green | Dec 7, 2024 | IRS Resources
December 6th, 2024 The Internal Revenue Service has just issued Notice 2024-85 providing transition relief for third-party settlement organizations (TPSOs), also known as payment apps and online marketplaces, regarding transactions during calendar years 2024 and 2025....
by Russell Green | Nov 30, 2024 | IRS Resources
May 11th, 2025 As part of ongoing efforts to combat illicit financial activities, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has implemented the Corporate Transparency Act (CTA), requiring certain entities to disclose their beneficial...
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...
