Monthly Archives: November 2023

The Upcoming Beneficial Ownership Information Disaster

Posted on November 29, 2023 by Russ

Is the light on the horizon the end of the long tunnel you’re transiting or the oncoming train?  Unfortunately, I see an oncoming train on the horizon in the new mandatory Beneficial Ownership Information reporting.  If you’re a business owner … Continue reading →

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IRS Announces One-Year Delay in $600 1099-K Requirement

Posted on November 21, 2023 by Russ

The IRS announced today a one-year delay in the $600 1099-K threshold.  Additionally, the IRS announced that they will phase-in the requirements with a $5,000 threshold for the 2024 tax year.  While the IRS phrased the announcement as resulting from … Continue reading →

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The Almost-End of the 2023 Tax Season

Posted on November 16, 2023 by Russ

It’s been a while since I posted: family issues, tax deadlines, and paper in every direction has made me concentrate on serving my clients, and not the blog.  I’ll have a recap of the 2023 Tax Season soon, but today … Continue reading →

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