A page on the IRS website reminds taxpayers to take the steps now to make the tax filling process easier in 2022.
The IRS announced that the Modernized e-File (MeF) will be unavailable for brief periods during July and August during scheduled system upgrades. The outages will occur as follows:
Working in the Gig Economy: What you need to know about potential tax consequenceselectronic filing , Brett W. Neate , Taxes - Corporate & Business , Taxes - Planning, Rules and Returns , Taxes - Individual
If you use one of the many online platforms available to rent a spare bedroom, provide car rides, or to connect and provide a number of other goods or services, you’re involved in what is sometimes called the sharing or gig economy.
An emerging area of activity in the past few years, the sharing economy has changed how people commute, travel, rent vacation accommodations and perform many other activities.
Also referred to as the on-demand, gig or access economy, the sharing economy allows individuals and groups to utilize technology advancements to arrange transactions to generate revenue from assets they possess - (such as cars and homes) - or services they provide - (such as household chores or technology services).
Electronic Delivery of K-1s to Partners and MembersLLC , partnerships , electronic filing , K-1 , Taxes - Corporate & Business , Taxes - Planning, Rules and Returns
Posted by: Howard Kass, CPA, CGMA, AEP®