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…
Most of us engage in hobbies of some kind, whether it’s collecting Chinese restaurant menus or making birdhouses. At some point, your hobby may start earning you additional income. Later, if the time that you spend on your hobby increases,…
Electric car sales broke records in 2021 and have remained consistent in 2022. Sales of electric cars, including fully electric and plug-in hybrids, doubled in 2021 to a new record of 6.6 million sales. Taxpayers who purchase qualifying electric cars…
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At Thorgood Law Firm in New York, we are IRS attorneys dedicated to bringing legal counsel to taxpayers across the United States.
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