IRS Delays Tax Rule for Online Sellers---Again
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IRS delays $600 reporting rule for online payments — again
Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.Nov. 21, 2023 - cbsnews.com - Home - CBSNews.com -
IRS delays tax reporting rule change for business payments on apps such as Venmo and PayPal
If you received business payments via apps such as PayPal and Venmo, you will not be subject to a lower threshold for 1099-K tax reporting for 2023.Nov. 21, 2023 - cnbc.com - US Top News and Analysis -
App payment confusion causes IRS to delay $600 sales reporting threshold — again
Taxpayers and gig workers who use apps such as Venmo and Paypal to make money selling personal goods and services don’t have to worry about the new $600 threshold for reporting sales on form 1099-K to the IRS this year. Confusion about the new ...Nov. 21, 2023 - thehill.com - Just In News | The Hill -
TaxWatch: IRS announces 2024 income-tax brackets: Here’s what they mean for your tax bill
The IRS increased the ranges on income-tax brackets by approximately 5.4% for 2024 returns.Nov. 10, 2023 - marketwatch.com - MarketWatch.com - Top Stories -
IRS Court Win Paves Way for Higher Taxes on Hedge Funds
The ruling could close off a technique popular among fund managers that lets them exclude millions of dollars in income from self-employment taxes.Nov. 30, 2023 - online.wsj.com - WSJ.com: World News -
You may still owe taxes on resold Taylor Swift tickets even without PayPal, Venmo IRS reporting
The IRS delayed a tax reporting change for payment apps such as Venmo and PayPal, but you may still owe taxes for resold Taylor Swift tickets, experts say.Nov. 28, 2023 - cnbc.com - US Top News and Analysis -
Lawmakers urge IRS to crack down on American tax dodgers in Puerto Rico
The IRS has identified 100 wealthy mainland Americans allegedly claiming tax benefits in Puerto Rico unlawfully.Nov. 22, 2023 - cbsnews.com - Politics - CBSNews.com -
House Democrats press IRS on probe into Puerto Rico tax breaks for wealthy investors
A group of Democrats are pressing the IRS for updates on an investigation of 100 high-income individualsNov. 21, 2023 - nbcnews.com - NBC News Top Stories -
IRS takes aim at environmental write-offs in tax evasion crackdown
The IRS put out new guidance on Friday to stymie a well-worn tax evasion scheme that allows write-offs for land left undeveloped in order to promote environmental conservation. Landowners can claim a credit for what they would have earned on their ...Nov. 17, 2023 - thehill.com - Just In News | The Hill -
Yes, You Absolutely Should Sign Up for the New IRS Business Tax Account
The new business tax account from the Internal Revenue Service could roll out a suite of new features as soon as 2024.Nov. 17, 2023 - inc.com - Inc.com -
Yelp Profit Soared With Help From IRS Guidance on R&D Tax Deductions
A one-time tax adjustment boosted third-quarter earnings as Yelp’s effective tax rate ended up being much lower than it expected.Nov. 10, 2023 - online.wsj.com - WSJ.com: World News -
TaxWatch: Standard deductions for 2024 taxes will jump due to inflation, IRS numbers show
90% of people use the standard deduction to lower their taxable income, IRS stats say.Nov. 10, 2023 - marketwatch.com - MarketWatch.com - Top Stories -
IRS to Raise Tax Brackets, Standard Deduction by 5.4%
Here’s an upside to persistent inflation: More of your income will be taxed at lower rates next year.Nov. 9, 2023 - online.wsj.com - WSJ.com: World News -
IRS announces new income tax brackets for 2024
The IRS on Thursday announced higher federal income tax brackets and standard deductions for 2024.Nov. 9, 2023 - nbcnews.com - NBC News Top Stories -
IRS announces new income tax brackets for 2024
The IRS on Thursday announced higher federal income tax brackets and standard deductions for 2024. Here's what taxpayers need to know.Nov. 9, 2023 - cnbc.com - US Top News and Analysis -
IRS announces 2024 income tax brackets – see where you fall
Millions of Americans could take home more pay in 2024 thanks to inflation adjustments to the tax code announced by the IRS.Nov. 9, 2023 - thehill.com - Just In News | The Hill -
IRS Cautions on Pandemic Employer Tax Credit
The Internal Revenue Service and tax firms are preparing for legal fights about what counts as a government order.Nov. 9, 2023 - online.wsj.com - WSJ.com: World News -
IRS Delays Tax Deadlines Set by Congress. It Could Cost $8 Billion.
At least in the short run, the tax agency’s moves frustrate lawmakers’ attempts to raise revenue and plug gaps in tax compliance.Nov. 23, 2023 - online.wsj.com - WSJ.com: World News -
Europe Markets: Shares in U.K. online property site bounce as weak market sees sellers boost advertising
Shares in Rightmove jumped 6% on Monday, after the U.K.'s biggest property portal raised its revenue guidance for the year as desperate sellers spent more to advertise their homes.Nov. 27, 2023 - marketwatch.com - MarketWatch.com - Top Stories - Europe -
Rescuers in India trying to evacuate 41 workers from a collapsed tunnel are delayed again
Nov. 24, 2023 - yahoo.com - Yahoo News - Latest News & Headlines -
Ruling in Russian Olympic figure skater Kamila Valieva's doping case could be delayed to February
There could be yet another delay in the long-running doping case of Russian figure skater Kamila ValievaNov. 30, 2023 - abcnews.go.com - ABC News: Sports - Russia -
Rand Paul doesn't rule out delaying government shutdown vote
Sen. Rand Paul (R-Ky.) on Monday did not rule out slowing down passage of the stopgap spending bill that Speaker Mike Johnson (R-La.) proposed over the weekend. Paul, a vocal opponent of spending bills that don’t include cuts, left the door open ...Nov. 13, 2023 - thehill.com - Just In News | The Hill -
Biden administration rolls out rules for foreign entities in electric car tax credit eligibility
The Biden administration has issued rules for determining which foreign entities of concern (FEOC) are not eligible for electric vehicle tax credits under the Inflation Reduction Act (IRA). The definition used by the Treasury Department will ...18 hr ago - thehill.com - Just In News | The Hill - Joe Biden -
Labour rules out scrapping inheritance tax relief for farmland
Plans welcomed by landowners but could constrain party’s fiscal headroom if it wins power next yearNov. 30, 2023 - ft.com - World -
Push to give UN more say on global tax rules likely to stumble at vote
US, EU and UK expected to reject motion by African countries frustrated at OECD efforts to reform international taxation. A long-running campaign for the United Nations to have greater influence over international tax rules is expected to fall at ...Nov. 22, 2023 - theguardian.com - The Guardian