If you are a taxpayer, you are required to take annual Required Minimum Distributions (RMDs) from your IRA and retirement plans when you reach age 72. Every year as the new year begins, the IRS reminds us that if you…
Many taxpayers have questions about Form 1099-K as it is a relatively new information return used by the IRS. If you have questions about Form 1099-K, the following should provide some answers. If you need to know more and have…
Today, we look at Form 1099-K, which is an information return that more taxpayers will be required to use in future tax years. This article will cover the form’s basic requirements and later we will look at specific situations where…