Sellers report discrepancies on Form 1099K tax forms received from Etsy, and because Etsy also sends the form to the IRS, sellers ask if it could report an audit because it over-reports their gross sales income.
Many sellers…
The first tax season with President Donald Trump's new tax plan is underway and it's off to a disappointing start for first-time filers. The average refund this year is down 8.4%, to $1,865, for the week ending Feb. 1, according to data…
As reporting season officially kicks off, a growing number of taxpayers are realizing that the tax cuts and jobs law could be a double-edged sword.The White House said in October 2017 that the average family "would get a raise of $ 4,000"…
Taxes can be confusing - just looking at the names of some forms will make your head spin. Take Form 1099-C Debt Cancellation for example. He reports the canceled debt to the IRS. And the IRS considers the canceled…