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Free 2022 Tax Preparation

⏲ 0 sec ✓ 18-Jan-2022

Free 2022 Tax Preparation

⏲ 8 min 28 sec ✓ 18-Jan-2022

Monday March 7, 2022 - Remember Obama Care (Affordable Care Act)?There was a provision within the Obama Care Act which would have required businesses to send 1099 forms for all purchases of goods and services over $600 annually. nnThat was the part of the Bill that we needed to pass in order to find out what was in it.When Americans found out that this provision was in the Act, there was an immediate movement to repeal that reporting requirement. nnThe expanded 1099 requirement was not set t

SNOOP Reverses $600 Venmo Reporting

⏲ 0 sec ✓ 08-Mar-2022

In this quick video, you’ll find a detailed breakdown of the Schedule E tax form (Form 1040) and how to categorize your expenses in line with the IRS, so you can approach rental property taxes with confidence.nnTop Tip: Using property management and accounting software like Landlord Studio can dramatically simplify income and expense tracking, easing your tax season worries.nnNot sure when the 2024 tax return deadline is or what forms you might need to file? Check out our previous video here:

How to fill out a Schedule E form for real estate?

⏲ 4 min 72 sec ✓ 19-Dec-2023

Wednesday April 12, 2023 – Tax Day is April 18th this year.Don’t let the change in the date get you.Yes, April 15th is usually Tax Day – but the rule is – and this rule goes for preforming most any act for tax purposes – if the deadline falls on a Saturday, Sunday or legal holiday it is considered timely if filed no later than the next day that is not a Saturday, Sunday or legal holiday.The term “legal holiday” means any legal holiday in the District of Columbia (and gets mor

Don't Panic! How to Get an IRS Extension FAST

⏲ 0 sec ✓ 13-Apr-2023

Form W-2 is a wage tax form used to report the gross wages paid to employees and the taxes (social security, income, and Medicare) withheld from these employees to the SSA (Social Security Administration). nStart e-filing your IRS Form W-2 with TaxBandits and Get Instant Approval from the IRS.nVisit, https://www.taxbandits.com/w2-forms/efile-w2-form-online/

E-file Form W-2 for 2020 Tax Year with TaxBandits

⏲ 1 min 31 sec ✓ 08-Jan-2021

The IRS has a form for EVERYTHING! 1099 Forms are

⏲ 0 sec ✓ 23-Sep-2021

This informative short video is a must-watch for every business owner transitioning from being an independent contractor to an S corporation owner. It clarifies a common point of confusion: why the familiar 1099 forms have stopped arriving in the mail. Through an engaging narrative, the video explains that as an S corporation, the IRS exempts your clients from issuing 1099 forms for the services you provide. Instead, corporations report income differently, which impacts how you'll handle your ta

No More 1099s? Transitioning to an S Corporation Explained

⏲ 57 sec ✓ 22-Mar-2024

Tuesday August 9, 2022 - The IRS is still evolving their handling of Cryptocurrency.They included, for the first time, a

New Crypto Question on 2022 1040s

⏲ 0 sec ✓ 10-Aug-2022

Wednesday December 28, 2022 - The Internal Revenue Service (IRS) recently announced that it is delaying the implementation of 1099-K reporting requirements until January 2023. This delay affects businesses and individuals who receive payments from financial organizations and other third parties through electronic payment channels such as PayPal, Venmo, Square, Apple Pay or Google Wallet. nnThe delay provides financial organizations and their customers with a valuable reprieve from the compliance

1099-K Rule Delayed: What You Need To Know

⏲ 0 sec ✓ 29-Dec-2022

The IRS has a form for EVERYTHING! 1099 Forms are

⏲ 11 min 7 sec ✓ 22-Sep-2021

Tuesday October 18, 2022 - We have previously reported on the Internal Revenue Service (IRS) switching terms from Virtual Currency to Digital Assets. Today, the IRS clarified how to report Digital Assets on their 1040 income tax forms – setting up additional regulations very soon.nnFurther, the IRS defined Digital Assets to include:nn•tVirtual currencies such as Bitcoin and Ethern•tStablecoins such as Tether and USD Coin (USDC) n•tNon-fungible tokens (NFTs)nYou may owe taxes on the follo

IRS Clarifies Digital Asset Rules

⏲ 0 sec ✓ 19-Oct-2022

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