News

An IRS Ruling Shows Why It’s Important to Audit Your IRA
A recent IRS ruling shows how a simple titling error led to unintended Roth conversions—and how reviewing Form 5498 could ...
Two tax reporting changes on tap for businesses, freelancers and payment apps like Venmo
The IRS will have much less of a view into how much income small businesses and independent contractors make because there ...
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Judge ordered to act on labor law case following Supreme Court intervention
A temporary restraining order on a 2021 construction labor law was lifted after the Nevada Supreme Court ordered District ...
One Big Beautiful Bill Act Changes Form 1099 Reporting For Gig Workers And Those Who Use Payment Apps Like PayPal For Business
Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for nonemployee compensation) have been ...
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Yes, the IRS is hiring criminal investigators empowered to use deadly ...
TaxWatch Yes, the IRS is hiring criminal investigators empowered to use deadly force — but here’s some important context IRS poised to get $80 billion in new funding over the coming decade if ...
Tax Breaks: The Tax Community Talks About The One Big Beautiful Bill Act Edition
Plus: Social Security ends paper checks, Live Aid, changes to Forms 1099, filling out Form W-9, national debt costs, filing deadlines, tax trivia, and more.