Request your Consultation
Internal Revenue Service Announcement for 1099-K Forms
Posted in IRS,tax planning,taxes on January 24, 2023
The Internal Revenue Service has announce that they will delay the implementation of the requirement to issue 1099-K forms from third party payment platforms for transactions of $600 or more. The American Rescue plan required these forms be issued for the 2022 tax year. The reporting requirement is now in effect for 2023. This allows… (Keep reading)
Posted in IRS,tax planning,taxes on January 24, 2023
In 2023, The Treasury Department promises an improved tax filing season but the $80 billion in extra funding won’t be felt for a couple of years. Improvements to taxpayers’ services will be the exception. In 2023, Taxpayers should be able to reach a live person on the IRS’s toll-free lines about 85% of the time… (Keep reading)
Is Probate a Complicated Process?
Posted in probate on January 19, 2023
Probate is a legal process that every individual encounters at some point in their lifetime. When a loved one dies, they most often have some sort of will, trust, or estate plan in place to follow after their passing. Probate works to validate these documents and carry out the final wishes of your loved one… (Keep reading)
Is Putting Your House in a Trust a Good Idea?
Posted in asset protection,trust on January 15, 2023
Estate planning can be a complicated process, especially when you are unsure of the best way to protect and distribute your different assets. When you are planning for your home’s future, many people consider putting important property, like their family home, into a trust. Putting your home in a trust comes with a variety of… (Keep reading)
