CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Taxbyte
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T.D. 10053 says payment platforms backup withhold only after a seller tops $20,000 and 200 transactions and a TIN is missing. See the rules.

Recent Taxbytes

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FinCEN announced Friday morning that beneficial ownership information (BOI) reporting requirements remain voluntary, despite Thursday’s

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IRS Commissioner Danny Werfel has stepped down from his position following a resignation letter sent

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You may have missed it during the buzz of the holiday season, but the IRS

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A federal district court has issued a nationwide injunction against the Corporate Transparency Act (CTA),

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On November 26th, the IRS issued Notice 2024-85, which provides transition relief for third-party settlement

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Recent campaign proposals from both sides of the aisle have suggested eliminating taxes on tips.

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The Internal Revenue Service has announced comprehensive tax relief for individuals and businesses affected by

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