Taxes

IRS Stops Using Facial Authentication Software for Access to Online Accounts

IRS Stops Using Facial Authentication Software for Access to Online Accounts
A prior blog article posting included an article about the IRS’ plans to use ID.me facial recognition software for taxpayers and others to authentic…

Hobby or For-Profit Activity? The Answer Makes a Big Difference for Tax Purposes

Do You Need a New IRS Identity Verification?

Do You Need a New IRS Identity Verification?
In November of 2021, the Internal Revenue Service launched an improved identity verification and sign-in process that enables more people to securely …

Does Your Business Need to File Forms 1099-NEC or 1099-MISC?

Does Your Business Need to File Forms 1099-NEC or 1099-MISC?
If you use independent contractors to perform services for your business, for each one that you pay $600 or more for the year, you are required to iss…

Watch Out for Tax Penalties

Watch Out for Tax Penalties
Most taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply unaware of the penalties or the possible damage they c…

Video tip: Closing Your Business? Let’s Tie Up Some Loose Ends on the Tax Side

Taxes are a crucial part of closing a business. From federal and state taxes to employees’ payroll, there are a myriad of tax-related issues to consider. This video will help you check off the list of tax loose ends as you close your doors.

Video tip: An Expansion of the IRS Identity Protection PIN Program

The Identity Protection PIN Program by the IRS has been expanded to cover not only victims of identity theft but also all eligible taxpayers. What benefit does the program bring to the normal taxpayers and should you apply for it? Watch this video to find out.