On 2/6/24, the IRS released new and updated FAQs regarding Form 1099-K 2023 given that on November 21, 2023 (via Notice 2023-74) the IRS announced that calendar year 2023 would also be a transition ...

Christmas came early (again) this year for many taxpayers and tax professionals. The IRS has announced that it would (again) delay the new $600 Form 1099-K reporting threshold for third-party ...

It's not the same old Lions now that a winning season is making it easy to resell game tickets at amazing prices far above the original value. But it’s the same old IRS play when it comes to handling ...

The IRS delivered on Tuesday an unexpected, but welcomed, early Christmas gift to gig workers, Taylor Swift ticket sellers and more. The IRS surprised many tax professionals and others when it said it ...