2023 IRS Update: Navigating New 1099-K Reporting Rules for Business Owners
Hey there, business owners! Insogna CPA here.
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The Power 8: Smart Year-End Tax Moves!
Year-end is right around the corner, but there are a few smart tax-saving moves you can make, including these ...
Double Trouble: The Two-Faced Tango of Dropshipping and Sales Tax, Explained!
Welcome to the whimsical world of dropshipping and the confounding carnival of sales tax!
What are the best retirement accounts to maximize your tax savings?
Did you know that one of the best ways you can reduce taxable income is through a retirement account? One of ...
Maximizing Tax Benefits: Inflation's Surprising Impact on Federal Tax Breaks
Guess what? Inflation might not be the bad guy we thought it was. In fact, it's swooping in to bring you some ...
What are some year-end tax planning strategies I should know?
Have you begun your year-end tax planning process yet? The fourth quarter is the time for proactive tax ...
How New 1099 Rules Affect Your Taxes
In 2020, the IRS reintroduced Form 1099-NEC to report non-employee compensation on a separate form. Box 7 of ...
Cryptocurrency Taxes: Are You Over or Underpaying?
Did you sell or exchange any cryptocurrency during 2022? If so, you must disclose this information when you ...
Why Am I Being Audited by the IRS?
With the tax filing season currently behind us, audit notices have started to appear in mailboxes. While the ...