by RightWay | Nov 21, 2023 | IRS, Tax Law
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...
by RightWay | Jan 10, 2022 | IRS
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...
by RightWay | Dec 2, 2021 | IRS, Security
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...
by RightWay | Nov 4, 2021 | Uncategorized
On October 21, 2021 the IRS put out a News Release encouraging Tax Preparers to renew their PTINs early through the online renewal process. The renewal process is supposed to take no more than 15 minutes. So, just get it done! Click HERE to read the entire article....
by RightWay | Dec 17, 2020 | IRS, Software, Tax Law
In this article we have compiled the major IRS form updates for tax year 2020. Many of these forms are specific to dealing with Covid-19 and the reemergence of an old classic (1099-NEC) New tax forms for 2020 Form 1099-NEC The 1099-NEC disappeared in the early...
