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 read
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 251 min read
Strong Password Recommendations
Create strong passwords so that it's more difficult for cyber criminals to access your personal information.
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Durham & Durham
Feb 181 min read
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 142 min read
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 read
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 41 min read
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
Jun 24, 20222 min read
Taxpayer Advocate expresses concern about continued refund delays and poor taxpayer service
Key taxpayer challenges this year have included return processing delays, correspondence processing delays, and difficulty reaching the IRS.
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Durham & Durham
Jan 5, 20222 min read
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 read
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 read
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 3, 20211 min read
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 read
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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