IRS Restores $20,000 Threshold for Form 1099-K Reporting
The Internal Revenue Service (IRS) reinstated the reporting threshold for Form 1099-K to its pre-2021 levels on October 23, 2023. This decision comes under the provisions of the One Big…
6ix9ine Addresses $8 Million IRS Debt Amid Legal Challenges
6ix9ine, the controversial rapper, has revealed that he owes over $8 million to the Internal Revenue Service (IRS). This disclosure comes during a live stream with content creator Deshae Frost,…
Democrats Condemn Trump’s IRS Plans as Political Weaponization
Democrats in Congress have expressed strong opposition to reports indicating that President Donald Trump plans to direct the Internal Revenue Service (IRS) to investigate left-leaning organizations and political adversaries. This…
IRS Clarifies Tax Rules: Only Voluntary Tips Are Exempt
The Internal Revenue Service (IRS) has clarified that only voluntary tips are exempt from taxation under new provisions for U.S. workers. This decision comes in light of widespread confusion regarding…