Recently, there have been changes regarding the 1099-K form and who is required to report these gains. There are some good news for many in the immediate future, but the requirements for the 2024 tax season is clarified and the talks about transitioning to a $600 reporting requirement are still plan...

With the 2023 tax season just around the corner, the highly anticipated E-file shutdown finally has a scheduled date, which can be found on the IRS website provided at the bottom of this page. IRS has officially announced, "Saturday, November 18, 2023, at 11:59 p.m. Eastern time", the 1040...

If you are curious about bank products as a tax preparer or taxpayer, you came to the right place to better understand how this service helped both parties in small and great ways. There are many parts to a bank product, or also known as a financial product by some, and it can often seem complicated...