News

The IRS will have much less of a view into how much income small businesses and independent contractors make because there ...
Clear Start Tax explains how income mismatches trigger audits, and what taxpayers can do to stay compliant. IRVINE, CA / ...
The IRS announced that it would delay the new $600 Form 1099-K reporting threshold for third-party settlement organizations for 2023.
The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...
Slot machine players just caught a break. The tax law that President Donald Trump signed in early July — the One Big Beautiful Bill Act — quietly raised the federal tax reporting threshold for slot ...
The bipartisan infrastructure bill includes requirements for brokers to report their customers’ cryptocurrency gains to the Internal Revenue Service, but exactly what constitutes a broker is stirring ...
These new and expanded third-party reporting requirements are aiming at improving tax compliance.
The IRS lost 26% of its 102,000-person workforce to layoffs and buyouts this year through early June, amid a larger effort by ...
The IRS has decided to postpone implementation of a rule change that would affect tax filers who receive business income via payment apps like Venmo and CashApp.
The IRS will treat 2024 as an additional transition year, so that the reporting threshold is $5,000.
The IRS will phase in changes that will affect those who receive 1099-K tax forms because of the complexity of the new rules.