Recognizing Four Red Flags That May Lead to a Tax Audit
Any tax attorney in San Jose would likely agree that anxiety regarding Internal Revenue Service audits is becoming very common in 2023. The source of these heightened concerns is likely the $80 billion in funding deployed to the IRS for enforcement activities, as well...
Bigger Tax Bills and Lower Refunds on the Horizon for Many Taxpayers Next Year
Tax lawyers in San Jose, and other experts, have determined that a larger tax bill or a smaller refund will likely be on the horizon for taxpayers in 2023. For this reason, as the year ends, it’s important for filers to understand the new laws or google “tax attorneys...
IRS Warns US Tax Filers About the New $600 Reporting Threshold for Cash Apps
Tax lawyers in San Jose are reiterating that this year, any transaction exceeding $600 that taxpayers receive through Cash App, PayPal, Venmo, or other similar entities, must be reported to the Internal Revenue Service. A reminder was issued earlier this week by the...