by Christina Minton | Jul 31, 2023 | Whats New
The IRS recently announced a major policy change that it will end most unannounced revenue officer visits to taxpayers. This announcement is being picked up by all the major news outlets, but as is usually the case, it lacks context. Here is what you need to know....
by Christina Minton | Jul 10, 2023 | Whats New
New contribution limits are on the horizon Contribution limits for the ever-popular health savings account (HSA) are set for 2024. And inflation adjustments break through the historic trends of 1 to 2% increase each year. Next year the amount you can save to pay for...
by Christina Minton | Jun 26, 2023 | Whats New
Due date is July 17! “Time is running out for more than a million people to get their tax refunds for 2019,” said IRS Commissioner Danny Werfel. “Many people may have overlooked filing a 2019 tax return due to the pandemic. We don’t want people...
by Christina Minton | Jan 16, 2023 | Whats New
New mileage rates announced by the IRS Mileage rates for travel are now set for 2023. The standard business mileage rate increases by 3 cents to 65.5 cents per mile. The medical and moving mileage rates stay at 22 cents per mile. Charitable mileage rates remain...
by Christina Minton | Jan 2, 2023 | Whats New
Late-breaking IRS change In a last minute about face, the IRS is rolling back the requirement for third-party payment providers to issue 1099-Ks for anyone receiving payments over $600 in 2022. They are moving the reporting requirement back to $20,000 in activity and...
by Christina Minton | Sep 12, 2022 | Whats New
What you need to know A highly-touted tax credit in the recently-passed Inflation Reduction Act is meant to incentivize Americans to purchase electric vehicles or other clean burning fuel vehicles. The bottom line, however, is that practically speaking YOU CAN’T GET...
