by KNSS | Jul 13, 2023 | 2023 July
What are 1099-Ks? 1099-Ks are issued annually by Payment Settlement Entities (PSE) and third-party settlement networks to report payment transactions taxpayers received during the year via credit cards and other contractual payments. eBay, Venmo, Stub Hub and PayPal...
by KNSS | Jul 13, 2023 | 2023 July
For taxpayers that are the beneficiary of an IRA or other retirement account, The SECURE Act changed the Required Minimum Distribution (RMD) rules for inherited IRAs. Under the new rules, there had been uncertainty pertaining to inherited IRA RMDs not clearly spelled...
by KNSS | Jul 6, 2023 | 2023 July
From IRS News – IR-2023-112, June 8, 2023 WASHINGTON ― The Internal Revenue Service today encouraged nearly 1.5 million people across the nation to submit a tax return to claim their refunds for tax year 2019 by the July 17, 2023, deadline. The IRS estimates...
by KNSS | Jul 6, 2023 | 2023 July
Just a reminder that if your practice had a 401k/Profit Sharing Plan in place during 2022, you are required to file a Form 5500 by 7/31/23 (Form 5500 Corner | Internal Revenue Service (irs.gov). If you aren’t able to submit this paperwork prior to 7/31, please file...
