What should you do if you don’t want to be “wrongly accused” and caught up in the crack down on billions of taxable income dollars that go unreported via payments on apps like Venmo and PayPal?
IRS
Low hanging fruit? Worker classification remains a priority for the IRS and DOL.
The IRS has released its statistics from 2019 filed tax returns… great, maybe now they can start answering the phone.
This is interesting data and will be utilized for all kinds of important matters, such as: census data, political wrangling, arguments for/ against income inequality, arguments for/ against “paying their fair share”, informing tax policy and enforcement matters, and measuring contests… to name just a few.
What’s the breakdown? Keep going and find out!
A few things to be aware of as we slide into tax season.
So you bought that Cape house you’ve always dreamed of, but you’re not ready to use it full time, or …
Everything We Got
Opening Gate: The new year is underway, and I think we should steal a page out of the Patriots playbook, …
Q2: Do I have to pay my estimates?
Like all accounting and tax questions – the answer is “it depends” and it’s not quick.