The expected uptick in reporting volume was partly responsible for the decision to postpone the new "$600 rule." There wereconcernsthat many taxpayers would unexpectedly receive 1099-K forms and would need additional time to familiarize themselves with the rules. Plus, taxpayers needed more time to...
Other filers, however, are feeling anxious as the April 15 tax deadline looms: Twenty-three percent of those who will owe money to the IRS said they’ll have to take on debt to settle their balance, according to the survey, conducted by Qualtrics between Jan. 22 and Jan. 24, 2024. ...
Code 152 outlines the rules and guidelines for claiming dependents on your tax return. By understanding these rules, you can determine whether you are eligible to claim someone as a dependent and potentially benefit from valuable tax credits, deductions, and exemptions. Here are the key steps to ...
customizing workflows and borrower experience is crucial to differentiation. With the industry-first configurability ofMaxwell Point of Sale, lenders can define workflows for any mortgage product, while configuring triggers and business rules to align ...
money in the family. National Family Mortgage has originated over $40 million in loan volume since inception, while keeping over $20 million in interest within families. With interest rates that are typically lower than rates charged by a bank, National Family Mortgage allows co...