IRS to Send Unclaimed Stimulus Checks to 1 Million Taxpayers Worth Up to $1,400
The IRS is sending unclaimed stimulus checks worth up to $1,400 to 1 million eligible taxpayers who missed out on the 2021 Recovery Rebate...
IRS Increases the Standard Mileage Rate for Business Use in 2025
The IRS increases the standard mileage rate for business use in 2025, offering taxpayers updated guidelines for calculating deductible vehicle expenses. Starting January 1,...
Federal Court Order Temporarily Halts Beneficial Ownership Information Reporting Requirement
Beneficial Ownership Information (BOI): The U.S. Department of the Treasury has announced that the obligation for companies to file Beneficial Ownership Information Reports (BOIR)...
Beneficial Ownership Reporting: What U.S. Companies Need to Know About FinCEN Requirements
New Reporting Requirement for Beneficial Ownership Information (BOI) For U.S. Companies: Beginning on January 1, 2024, numerous companies will need to disclose Beneficial Ownership...
Form 1099-K threshold is $5000 for calendar year 2024
Form 1099-K threshold: The Internal Revenue Service (IRS) has issued Notice 2024-85, providing critical transition relief for third-party settlement organizations (TPSOs), such as payment...