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.
top of page
News Flash
Search
Durham & Durham
May 293 min
Protect Yourself From Phishing
Using email, text, social media, and even video games as a method through “phishing” remains a timeless tactic by thieves.
37 views0 comments
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.
101 views0 comments
Durham & Durham
Feb 251 min
Strong Password Recommendations
Create strong passwords so that it's more difficult for cyber criminals to access your personal information.
75 views0 comments
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
87 views0 comments
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.
44 views0 comments
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.
40 views0 comments
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.
25 views0 comments
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.
340 views0 comments
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.
26 views0 comments
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.
135 views0 comments
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.
33 views0 comments
Durham & Durham
Aug 3, 20211 min
100% Restaurant Deduction for Businesses
Businesses can claim 100% of their food or beverage expenses paid to restaurants.
42 views0 comments
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.
94 views0 comments
bottom of page