In the wake of the devastating wildfires that swept through Hawaii, a helping hand is extended by the Internal Revenue Service (IRS). Individuals and businesses affected by these wildfires, especially
Tag: IRS Updates
Latest IRS Scams 2023: Spot Them and Take Actions Latest IRS Scams 2023: Spot Them and Take Actions
IRS fraud occurs when individuals with malicious intent impersonate representatives of the IRS or government agencies. These culprits engage in communications via telephone, text messages, electronic correspondence, or traditional mail
The New IRS Regulation: 1099-K Transaction Value Threshold Change from $20,000 to $600The New IRS Regulation: 1099-K Transaction Value Threshold Change from $20,000 to $600
In a bold and consequential move, the Internal Revenue Service (IRS) has announced a significant adjustment to the 1099-K transaction value threshold. The previous limit of $20,000 has now been