Tax Updates/Alerts

Inflation Reduction Act
The Inflation Reduction Act (IRA) signed by President Biden Aug. 16 includes a variety of tax provisions that will impact U.S. businesses and individuals. While some of the changes have received a great deal of media attention, others may come as a surprise to those who have not been following the legislative process closely. Generally,

IRS Delays $600 Threshold for 1099-Ks
The IRS has issued Notice 2023-10 announcing the 2022 tax year as a transition period for reporting requirements for third party settlement organizations and payment platforms such as Venmo, PayPal, Amazon, eBay, Square, Zelle, Etsy and CashApp for reporting proceeds or income to an individual that exceeds $600. Before the new $600 threshold, an individual

Virtual Tax Filing
Virtual tax filing is available in the comfort of your home. We provide encrypted file uploading, virtual consultations, e-signing for tax documents and electronic filing of tax returns to the IRS and state agencies.

Tax Update – What’s New For Your 2021 Tax Return
This is a tax update of the most common changes and information to know for filing your 2021 individual tax returns in 2022.

Should You Consider a Roth Conversion?
The end of 2021 is nearing, and you are contemplating tax strategies and planning how to minimize income tax liability for either this current tax year and/or future tax years. You may have heard from financial institutions, friends and/or family encouraging you to convert a Traditional IRA into a Roth IRA. Well, should you? The

Strategizing Your 529 Plan
529 plans are an essential part of strategizing your financial plan to maximize both federal education credits and tax savings on earning.