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Uncategorized Archives « Oakbrook Chicago Tax Accountant | Small Business CPA | Top Rated CPA

Understanding the new changes for 2024 Form 1099-K The Internal Revenue Service (IRS) recently made headlines with a significant announcement regarding the reporting threshold for Form 1099-K. This development has caught the attention of taxpayers, businesses, and third-party platforms alike. In this article, we will delve into the details of this announcement, examining the reasons…

Court Authorizes Service of John Doe Summons Seeking the Identities of U.S. Taxpayers Who Have Used Virtual Currency A federal court in the Northern District of California entered an order today authorizing the Internal Revenue Service (IRS) to serve a John Doe summons on Coinbase Inc., seeking information about U.S. taxpayers who conducted transactions in…