Introduction The IRS 1099-K reporting rule has changed in 2025, affecting small businesses, freelancers, and gig workers who receive payments through third-party platforms like PayPal, Venmo, Square, eBay, and...
Introduction The IRS is intensifying efforts to combat tax fraud in 2025, focusing on high-income earners, cryptocurrency transactions, unreported income, and fraudulent deductions. With increased IRS funding, audit rates...
As cryptocurrencies and other digital assets gain traction in financial markets, the need for clear tax reporting guidelines becomes paramount. The IRS’s introduction of Form 1099-DA, “Digital Asset Proceeds...
Does your US entity have a foreign owner with at least 25% interest in the ownership? If yes, then read the following blog to navigate the complex reporting requirements...