March 2017 - RMS Accounting

Gig Economy Income Reporting Requirements

Mar 12, 2022 | Blog, Business Tax, Personal Tax

IR 2022-45, 3/1/2022 In an information release, the IRS has remined taxpayers of their reporting and potential tax obligations from working in the gig economy. Gig economy earnings are taxable. Generally, income earned from the gig economy is taxable and must be...

Fraud Blog

Feb 24, 2022 | Blog

Salem, Massachusetts: Resident Roosevelt Fernandez has pleaded guilty in connection with two schemes involving COVID-19 relief funds and tax returns for others. Fernandez applied for 10 EIDLs, either in his own name or in the names of entities he controlled. In June...

IRS Warns Child Tax Credit Portal May Have Wrong Amounts

Jan 31, 2022 | Blog, Personal Tax

Under the heading Not Quite Ready for Tax Season the IRS is urging people to use the information in their online taxpayer accounts for the most up-to-date figures on the amount of the advance Child Tax Credit to include on their tax returns -- instead of the numbers...

It’s Fraud

Jan 28, 2022 | Uncategorized

Charlotte, North Carolina: Resident Mehef Bey, a.k.a. Arthur Daniels, has pleaded guilty to conspiring to defraud the U.S. by promoting a nationwide tax fraud and assisting in the preparation and filing of false returns for the participants. Mr. Bey led taxpayers to...

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IRS Warns Child Tax Credit Portal May Have Wrong Amounts

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