![A Modern IRS? Careful What You Wish For]()
by Robert Wagner | Mar 11, 2023 | News
Electronic tax-return filing has made things more complex, not less. And better computers could mean worse abuses. Written By: Jay StarkmanPublished: March 7, 2023 1:10 pm ET The Internal Revenue Service is beginning to spend the $80 billion and hire the 87,000 people...
![Potential change to Social Security benefits could impact people with disabilities]()
by Robert Wagner | Mar 11, 2023 | News
Lake Charles, LA (KPLC) – A big change could be coming for disabled Social Security recipients. It’s one that would help maximize their monthly income. “I mean, every bit of assistance we have goes a long way,” Wallace Johnson said. Currently, people with...
![Tax benefits 2022: What are the benefits that are reversing the tax rules?]()
by Robert Wagner | Feb 13, 2023 | News
What benefits will change entering this 2023? The American Rescue Plan, which will help millions of Americans with their finances, was enacted into law on March 11, 2021. However, these tax benefits will either return to their pre-American Rescue Plan levels or...
![IRS 600 Dollar Rule: Do you have to report income under $600 to the IRS?]()
by Robert Wagner | Feb 13, 2023 | News
Which is the common misconception… Before this calendar year, individualsin the United States were asked to fill in Form 1099-K only if the total number of transactions with a third party exceeded 200 for the year and the total amount exceeded $20,000. However,...
![ITIN Taxpayers To Receive A $500 Refund Check]()
by Robert Wagner | Feb 13, 2023 | News
A $500 refund will be mailed to all income-eligible New Jersey individuals and families under the Individual Taxpayer Identification Number (ITIN) Direct Assistance Program, who were not eligible for federal stimulus payments and file taxes using an ITIN. Eligible...
![IRS Warning Americans to Report $600 Transactions From Payment Processors or Risk Facing Audit]()
by Miami19 | Feb 13, 2023 | News
The Internal Revenue Service reminds taxpayers to report transactions of at least $600 made through payment networks like Venmo, Paypal, and Cash App as the agency seeks to obtain data regarding part-time employment and side gigs, a move that critics have termed...