IRS Announces Delay for Implementation of $600 Reporting Threshold for Third-Party Payment Platforms – Form 1099 K

On December 23, 2022, the Internal Revenue Service announced delay in implementation of the new $600 reporting threshold for third-party network’s Forms 1099-K.  As a result of this delay, third-party networks will not be required to report 2022 tax year transactions on a Form 1099-K to the IRS or the payee for the new $600 threshold amount. 

Watch Now: Alabama HB588: Passthrough Entity Election Webinar

Did you miss our webinar on Alabama HB588, or want to watch it again? Watch it now! The Dent Moses team led a thoughtful discussion on Alabama HB588, which was signed by Governor Kay Ivey on May 4, 2021. The law allows Alabama S-Corporations and Partnerships (PTEs) to elect to pay Alabama income tax at the…
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Small business owners: A SEP may give you one last 2017 tax and retirement saving opportunity

Are you a high-income small-business owner who doesn’t currently have a tax-advantaged retirement plan set up for yourself? A Simplified Employee Pension (SEP) may be just what you need, and now may be a great time to establish one. A SEP has high contribution limits and is simple to set up. Best of all, there’s…
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