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vendor or subcontractor refused to fill out a W-9 form? In the event that a vendor or subcontractor refuses to complete a W-9 form, there are certain steps you can take to handle the situation appropriately: Ensure that you have made a written request for the vendor to fill out a W-9 form. It is …
Tax season is when scammers try to take advantage of people by tricking them into giving up critical personal and financial information, usually through emails and text messages. To help combat this problem, the IRS released a list of the “Dirty Dozen” scams to watch out for, with email and text message scams listed among …
Hello everyone, Murphy here! Unfortunately, inflation and interest rates have been rising this year. This means it has become vital to find ways to save money. With tax season just around the corner, your upcoming tax bill is an excellent place to start. So, let me walk you through some tips and tricks for maximum …
Here are a number of important tax dates you should be aware of. Read more to see if your tax situation falls into one of these dates. February 21, 2023 Michigan Personal Property Tax Returns Due for 2023. February 28, 2023 Michigan 2022 Form 5081 Sales, Use and Withholding Taxes Annual Return Due Date. March …
If you are not been able to put together all of your annual filings by Tax Day (April 18, 2022), or you can’t pay the money that the IRS is demanding, you’re not alone. Millions of Americans and small businesses miss Tax Day every year, filing taxes late, and millions more struggle with high tax …
Crypto Loss is Disallowed? Well, this is interesting. A taxpayer whose cryptocurrency had substantially declined in value didn’t sustain a deductible loss due to the worthlessness or abandonment of the cryptocurrency. The taxpayer purchased units of cryptocurrency in 2022 for $1 per unit as a personal investment. During 2022, the value of the purchased cryptocurrency …
Taxes on App Betting in Michigan You picked the Astros to win and made some $. Your lifelong hope for Lions to win has not fared you too well in the “win” column (gluten for punishment, most Michiganders are!) With the upcoming World Cup to finish the year, you could look at a whole new …
What’s the $600 limit on Venmo for taxes? The IRS has announced third-party settlement organizations will not be required to report the tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower, $600 threshold amount enacted as part of the American Rescue Plan of 2021. Instead, the reporting …
2022 Taxes Checklist Whew! Another year, another birthday, and what about those frigid temps for the end of December!? When it gets to the end of the year we tend to think of family, warm fires, and enjoying all those people we love. Call us cynical but, we are thinking of taxes and deductions, forms …
At the beginning of each year, millions of Americans spur into action to file their taxes – many fueled by fear of owing the IRS money or, more likely, motivated by receiving a tax refund. As hard as it is to believe, at least 10% of Americans are still waiting for their 2021 tax refunds …
