Knowing what to file and when to file it can make all the difference to the IRS. Talk to VEB CPA.
A reduction in the 2022 payment threshold determines when a third-party settlement organization has to file an IRS information return can mean some big tax changes for people using internet platforms to sell goods and services.
2022 Tax Change for People with Internet-Based Sales Read More »
The Internal Revenue Service reminded those with income from a farming or fishing business they should file and pay their entire tax due on or before Tuesday, March 1, if they did not make estimated tax payments.
IRS Reminds Farming, Fishing Businesses of March 1 Tax Deadline Read More »
For those working in the service industry, tips are often a vital part of their income.
Report Tip Money as Income Read More »
Now that the filing season has begun, there are several key items all taxpayers should keep in mind when filing their federal income tax returns this year.
What to Remember When Preparing 2021 Tax Returns Read More »
Whether it’s a full-time job or just a side hustle, taxpayers must report gig economy earnings on their tax returns.
Taxpayers Must Report Gig Economy Earnings Read More »
As taxpayers are getting ready to file their taxes, the first thing they should do is gather their records.
Gather All Year-End Income Documents Read More »
IRS Updates Process for Frequently Asked Questions on New Tax Legislation and Addresses Reliance Concerns
IRS FAQs Are Not the Final Word; Just a Courtesy Read More »
The Coronavirus, Aid, Relief and Economic Security Act – CARES Act – allowed employers to defer the deposit and payment of the employer’s share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes.
Payments for Deferred Tax Reported by Third Party Payers Read More »
Checking Withholding Can Help Taxpayers Decide If They Need to Give Their Employer a New W-4 All taxpayers should review their federal withholding each year to make sure they’re not having too little or too much tax withheld.
Give Employer a New W-4 Read More »
American Rescue Plan tax credits available to small employers to provide paid leave to employees receiving COVID-19 vaccines; new fact sheet outlines details
American Rescue Plan Tax Credits Available to Small Employers Read More »