IRS Delays New 1099-K Threshold

IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ like Venmo, PayPal, Cash App, etc. December 23, 2022, the IRS released Notice 2023-10, which announces the delay in implementation of the $600 lower requirement for...

Hire Your Children Reduce Your Taxes

Hiring the kids moves income from being taxed at your tax bracket to being taxed at theirs which could be as low as zero percent. While this method of moving income from your tax bracket to that of your children, or even grandchildren, is perfectly legal, it does...