Hot Off The Press | 1099-K Threshold Delay

Hot Off The Press | 1099-K Threshold Delay

IRS announces 1099-K Phase in…   IRS announces delay in Form 1099-K reporting threshold for third-party platform payments for 2023; plans for a threshold of $5,000 in 2024 to phase in implementation It may not be a Christmas Miracle but this Implementation...

1040 Modernized e-File (MeF) Production Shutdown – 22

Reminder: The IRS announced that the last day to electronically file individual 1040 tax returns is Saturday, November 26, 2022. All returns must be transmitted prior to 11:59 PM eastern time in order to be processed. The temporary shutdown of the Modernized e-File...

IR-2022-08: 2022 Tax Filing Season Begins Jan. 24

IR-2022-08: 1/10/22 E-file Start Date Announced WASHINGTON − The Internal Revenue Service announced that the nation’s tax season will start on Monday, Jan. 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns. The January 24 start...
NEW: IRS Tax Payer ID Verify Tools!

NEW: IRS Tax Payer ID Verify Tools!

IRS unveils new online identity verification process for accessing self-help tools The IRS ID Verify process was way over due for an upgrade. Successfully verifying on their old platform was an act of God. Rumor is this process is much easier… probably because...
E-FILE SHUTDOWN DATE – 11/20/2021

E-FILE SHUTDOWN DATE – 11/20/2021

IRS QUICK ALERT: CUTOVER 1040 MODERNIZED E-FILE (MEF) PRODUCTION SHUTDOWN AND CUTOVER The IRS announced that E-file will “shutdown” will begin on Saturday, November 20, 2021, at 11:59 p.m. Eastern time, in order to prepare the system for the upcoming Tax Year 2021...