The IRS has reinstated a higher 1099-K reporting threshold for 2025, easing the burden on small businesses and gig workers. This change means fewer surprise tax forms for online sellers using platforms like PayPal, Venmo, and Etsy. Learn how the updated rule affects your 2025 tax reporting, what transactions are covered, and how to stay compliant under the new IRS guidelines.
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IRS Restores Higher 1099-K Reporting Threshold for 2025: What It Means
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Millions of Americans Could Pay $0 in Federal Income Tax in 2025 — Here’s Who Qualifies and Why
Millions of Americans may pay no federal income tax in 2025 under the new tax law. Learn who qualifies, how deductions and credits apply, and what it means for your financial plan.
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New IRS ERC Guidance 2025: What Businesses Need to Know About Employee Retention Credits
The IRS has issued new 2025 guidance on the Employee Retention Credit (ERC), affecting late claims for Q3 & Q4 2021. Learn what businesses need to know about deadlines, appeal rights, and how to protect their ERC credits.
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Big Tax Refunds Coming in 2026: How the One Big Beautiful Bill Could Boost Your Money
Many Americans could see bigger tax refunds in 2026 thanks to the One Big Beautiful Bill (OBBB). Learn how changes to tax credits, deductions, and retroactive provisions could put more money back in your pocket and how to prepare to maximize your refund.
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IRS Still Fining Late Taxpayers Despite Shutdown — What You Need to Know Before It’s Too Late
Even during the government shutdown, the IRS is still charging penalties for taxpayers who missed the October 15 filing deadline. Learn why the shutdown doesn’t pause IRS fines, what penalties apply, and how to avoid extra costs by filing and paying as soon as possible.
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IRS Appoints Frank Bisignano as CEO — What It Means for You in 2025
The IRS just named Frank Bisignano, head of the Social Security Administration, as its first-ever CEO — a major move that could reshape how taxes are managed in 2025. Learn what this leadership change means for taxpayers, small businesses, and the future of IRS service and technology.
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IRS Cracks Down on Travel & Meal Deductions in 2025
The IRS is cracking down on travel and meal deductions in 2025. Find out what expenses qualify, what’s no longer allowed, and how to protect your business from audits and penalties.
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IRS Penalties & Tax Credit Scams 2025: New Alerts You Must Know
The IRS is cracking down on tax credit scams spreading on social media and warning taxpayers about false claims. From the Fuel Tax Credit to Sick and Family Leave Credit fraud, penalties are steep. Learn the latest IRS alerts, OBBBA law guidance, and key reminders for safe filing in 2025.
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No New Stimulus Checks in 2025: What the IRS Really Said
Many taxpayers are wondering if a new $2,000 stimulus check is on the way in 2025. The IRS has confirmed there is no new stimulus payment right now, despite online rumors. Instead, the agency urges taxpayers to use the "Where’s My Refund?" tool to track their refunds and stay alert for official updates.
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IRS Tax Season 2026 Delay? Refund Start Date Confusion Explained
The IRS caused confusion after suggesting the 2026 tax season might not begin until Presidents’ Day, raising concerns about refund delays and filing deadlines. While the IRS later clarified no official start date has been set, taxpayers should start preparing now to avoid stress and ensure fast refunds once filing opens.
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IRS Audit Changes & Data Risks: What Businesses Must Know
The IRS is making big changes that could affect your business. New audit rules are coming, and with cyber threats on the rise, the IRS is urging all tax professionals to set up a Written Information Security Plan (WISP). At the same time, cuts to IRS funding and staff could cause delays in the 2026 filing season. Here’s what you need to know—and how to stay ahead.
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IRS Launches 2025 Identity Theft Campaign for Tax Pros: Stay Protected
The IRS’s new campaign—“Protect Your Clients; Protect Yourself”—is a wake-up call. Identity theft is not slowing down. But you don’t need to live in fear. By following smart, simple steps and staying informed, you can keep your firm and your clients safe.
Think of data security like locking your office door—it’s just part of being a professional.
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Big U.S. Corporate Tax Cuts Coming: How to Prepare Now
The government may soon lower taxes for many U.S. businesses. If you make goods in the U.S., you could pay just 15%. Other companies could pay 20%.
This could mean thousands of dollars in savings for your business every year.But to get those savings, you need to plan ahead.
Our tax experts can help you understand how the law affects your business—and how to get ready. Don’t miss this chance to save.Contact us today for a free consultation. Let’s make sure your business is ready for what’s next.
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Somerset County NJ 2025 Budget Lowers Tax Rate While Expanding Services
The 2025 Somerset County budget is great news. It shows that good planning can make a big difference. By spending money smartly, the county is helping families, improving neighborhoods, and building a better future.
This is a big win for everyone in Somerset County. Lower taxes, better services, and a stronger community—what more could you ask for?
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IRS Interest Rates Stay the Same for Q3 2025: What You Need to Know
The IRS’s decision to keep interest rates the same for the third quarter of 2025 might not seem like a big deal, but it’s something every taxpayer should know. Whether you owe taxes or are waiting for a refund, interest rates can have an impact on your finances. By paying your taxes on time and understanding how interest works, you can avoid paying more than you need to.
So, remember, if you owe taxes, try to pay as quickly as possible to avoid any interest. If you're waiting for a refund, the interest you receive may be small, but it’s always nice to get a little extra money if you can!
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Don’t Miss This $4,000 EV Tax Credit — IRS Releases New List for 2025
The $4,000 used EV tax credit is a great way to save money while doing something good for the planet. With the IRS’s updated list in May 2025, now is the perfect time to explore your options.
But before you buy, talk to a trusted CPA. They’ll make sure you qualify and help you file correctly. With their help, you can drive away with confidence—and cash saved at tax time.
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New $800 Import Tax Rule 2025: How It Affects Online Shoppers and Why a CPA Might Be Your Best Ally
The end of the $800 tax-free import rule could make online shopping from overseas more expensive for U.S. buyers. New duties and fees may surprise shoppers, especially those running small businesses or frequent importers. Learn what’s changed, how it affects your wallet, and why consulting a CPA might help you navigate these new tax rules and avoid costly mistakes.
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IRS Layoffs in 2025: What It Means for Your Taxes and Refunds
The IRS has laid off thousands of workers during the busiest time of the year. Find out what this means for your tax return, refund delays, and how to stay prepared in 2025.
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Missed the IRS Tax Deadline? Here’s What Happens If You Forget to File or Pay
Missing the IRS tax deadline or forgetting to pay what you owe might feel scary—but you're not alone, and it's not the end of the world. Whether you filed late, forgot to pay, or didn’t know the due date, there are steps you can take to fix it. In this post, we break down what really happens when you miss the deadline, what penalties and interest might apply, and the options the IRS offers to help you catch up. From payment plans to filing tips, we’ll make it simple so you can get back on track—without the stress.
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IRS Tax Refunds 2024: Deadlines, Payment Plans & Tips
Tax season is here! The IRS is now accepting 2024 tax returns, with special deadlines for those living abroad. Learn how to file on time, get your refund faster, and explore payment plan options if you owe. Simple tips to make tax time less stressful!
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