Hurricane Idalia

Florida Victims of Hurricane Idalia Get Tax Relief The IRS has provided tax relief to victims of Hurricane Idalia in Florida. These taxpayers now have until February 15, 2024, to file various individual and business tax returns and to make certain tax payments. This...

1099-K

1099-K Confusion on the Horizon The American Rescue Plan Act of 2021 lowered the filing threshold for payment processors and credit card companies from 200 transactions or $20,000 to just $600 for 2022 — but the IRS delayed the effective date until 2023. Because...