MAB3 Consulting, Inc.

12/23/2022

IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K

WASHINGTON — The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.
As a result of this delay, third-party settlement organizations will not be required to report tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower, $600 threshold amount enacted as part of the American Rescue Plan of 2021.

The IRS also noted that the existing 1099-K reporting threshold of $20,000 in payments from over 200 transactions will remain in effect.

03/23/2022

Reminder to schedule your tax consultation! www.mab3consulting.com

03/22/2022

These are some of the major tax changes of 2022 ! Follow us to stay updated www.mab3consulting.com

https://www.gobankingrates.com/taxes/filing/new-tax-laws-changes/

Learn how the IRS tax updates could affect you.

03/18/2022

Take action and get your taxes done ! www.mab3consulting.com

03/10/2022

Don’t forget about your taxes ! www.mab3 consulting.com

03/08/2022

The IRS has officially established the first-ever Taxpayer Experience Office and will soon begin taking additional steps to expand the effort.

IR-2022-50, March 4, 2022 — As part of a longer-term effort to improve taxpayer service, the IRS has officially established the first-ever Taxpayer Experience Office and will soon begin taking additional steps to expand the effort.

03/05/2022

Take the burden of taxes off your back and book a consultation with us! www.mab3consulting.com

03/04/2022

A traditional IRA is a way to save for retirement that gives you tax advantages.

Contributions you make to a traditional IRA may be fully or partially deductible, depending on your filing status and income, and
Generally, amounts in your traditional IRA (including earnings and gains) are not taxed until you take a distribution (withdrawal) from your IRA.

Learn about traditional IRAs and the tax advantages they bring you.

03/01/2022

Let's get something on the calendar to get your business taxes back in order! Schedule a consultation www.mab3consulting.com

02/26/2022

Waiting on your tax refund ? Check out the where’a my refund tool https://www.irs.gov/newsroom/tax-time-guide-use-the-wheres-my-refund-tool-or-irs2go-app-to-conveniently-check-tax-refund-status

02/24/2022

The IRS has turned off many automatic notices here is what you need to know!

Marie Sapirie argues that while the IRS has a number of options for modifying its notice, collection, and penalty procedures to assist taxpayers, Congress probably needs to step in if it wants the agency to halt all automatic notices.

02/21/2022

When is the last time you had a tax consultation for your business?