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IRS Issues Tips for the 1099-K

IRS Issues Tips for the 1099-K

The IRS recently published a tax tip explaining Form 1099-K, covering why taxpayers receive it, how to address incorrect forms, and recent updates to reporting rules. This update comes almost three weeks after reports emerged that some taxpayers received incorrect...
IRS Digital Intake Initiative Underway

IRS Digital Intake Initiative Underway

New technology could improve tax return processing time at the IRS Paper returns have historically been slower to process due to the Internal Revenue Service having to manually transcribe information, leading taxpayers who want to more quickly receive their refund to...