IRS Updates Understanding the IRS Publication 6961: 2024 CY Update The IRS has released its latest update to Publication 6961 is revised annually to update detailed calendar year projections of Read More »
1099-DA IRS Issues Final Regs to Clarify Reporting Requirements for Digital Assets On June 28, 2024, the Internal Revenue Service (IRS) released the highly anticipated final regulations covering the reporting of digital Read More »
IRS Updates Final IRS E-Filing Regulations That Your Business Needs to Know The IRS has updated its filing procedures, implementing new regulations that mandate electronic filing for various returns. Under the Taxpayer Read More »
The New IRS Regulation: 1099-K Transaction Value Threshold Change from $20,000 to $600 Note: IRS delays the rollout of the $600 threshold for 1099-K reporting.The threshold for Form 1099-K remains at $20,000 with Read More »