PayPal, Venmo and Cash App to report commercial transactions over $600 to IRS Americans for Tax Reform President Grover Norquist discusses the impact of third-party payment processor apps reporting transactions
Starting this year, the IRS will allow you to file your individual income tax return electronically even if someone else has already claimed your dependent on a previously filed return. To do this, you’ll need to have an Identity Protection Personal Identification Number (IP PIN) for the prim...
Name: dei_EntityRegistrantName Namespace Prefix: dei_ Data Type: xbrli:normalizedStringItemType Balance Type: na Period Type: duration X - Definition The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS. +...
New York University Review of Employee Benefits and Executive Compensation (Pub. #01646) – Topics found in the recent release include excessive fee litigation; ERISA fiduciary litigation; employee turnover & partial plan terminations; recent successful challenges to IRS Actions and positions; IRC Sect...
The IRS each spring publishes data on the movement of adjusted gross income (AGI) and taxpayers across state lines from year to year. …the IRS data shows blue states are losing taxpayers and income at an increasing clip. …a net 105,000 people left Illinois in 2021, taking with them som...
In the European Union, the initial round of Sustainable Finance Disclosure Regulation (SFDR) reporting brought a steep learning curve, while in the U.S., the Securities and Exchange Commission's "fund names" rule seeks to provide clarity in a less prescriptive way. For many of us, 2023 was...
What happens if you have to sell your home and move within that two-year time frame for a new job? As long as the sale results from a job change and your new work location is at least 50 miles farther from the home than your old work location, the IRS allows you to take a partia...
You don’t file Form W-4 with the IRS, but yourpayrolldepends on it. Employers use Form W-4 to determine how much to withhold from an employee’s gross wages for federal income tax. How familiar are you with the new W-4 form for 2025?
IRS Announces Cuts of Certain Regulations Recently, the IRS issued Notice 2025-22, announcing cuts of multiple “extraneous and unnecessary” IRS notices, announcements and revenue rulings. Similarly, the U.S. Treasury Department has released a direct final rule (https://bit.ly/3RYTcDb ) to...
This year, the IRS will enforce 1099-K reporting requirement for third-party payment apps, which are hugely popular for payment processing, according toBlack Enterprise. New Yorkers using PayPal, Venmo, Cash App, or Zelle to accept payments will have to report their earnings. The new reporting...