Durham & Durham
Form 1099-K Reporting for 2024 Transactions
If you sold goods or services & received payments through certain payment apps or online marketplaces you may receive a Form 1099-K.
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Durham & Durham
Mar 142 min
IRS.gov is the fastest option to get IRS help
IRS.gov has a variety of info available to help taxpayers. An IRS online account has access to info about their federal tax return.
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Durham & Durham
Feb 181 min
What Do Your Federal Tax Dollars Pay For?
Largest portion is Social Security & Medicare, ththe social programs, national defense, community development, interest, and law enforcement
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Durham & Durham
Feb 152 min
Are You Paying a Fair Tax Prep Fee?
The average fee for individual Form 1040 with the standard deduction, plus a state income tax return, was $220.
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Durham & Durham
Feb 62 min
Major Changes to Mobile Payment Apps Reporting
Forms 1099K will be sent to many taxpayers who won't expect one & may not have a tax obligation.
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Durham & Durham
Feb 51 min
Carefully Choose a Tax Professional
You need to carefully choose a tax professional to handle your personal information with care and security.
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Durham & Durham
Jan 5, 20222 min
Major Changes to Mobile Payment Apps like Venmo & PayPal Income Reporting
Mobile Payment income reporting has changed to totals exceeding $600.
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Durham & Durham
Sep 16, 20211 min
NEW for 2021 Charitable Contributions
New in 2021 you may take a $300 (Single/HOH) or $600 (MFJ) deduction in cash contributions to a qualified organization if you don’t itemize.
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Durham & Durham
Aug 13, 20211 min
Child Tax Credit Update Portal
The 2nd Advanced CTC Payment is scheduled to be issued Friday 8/13/21.
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Durham & Durham
Aug 9, 20212 min
Delivery OR Vehicle Transport Driver Expenses
Any time you are using your vehicle for delivery or transporting paying riders, those are business miles.
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Durham & Durham
Aug 5, 20211 min
2021 Standard Mileage Rates
56 cents per mile is the standard mileage rate used to calculate the deductible costs of operating an automobile for business.
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Durham & Durham
Aug 3, 20211 min
100% Restaurant Deduction for Businesses
Businesses can claim 100% of their food or beverage expenses paid to restaurants.
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Durham & Durham
Jul 26, 20212 min
NEW ADVANCED Child Tax Credit Payments
The Child Tax Credit per qualifying child has increased to $3,600 for children ages 5 & under; and $3,000 for children ages 6 -17.
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