Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

Gross domestic product (GDP) of a nation is the monetary value of “final” goods and services (those consumed by the final ...

IRS Form 1099-K could be in your future if you sold items via online marketplaces like eBay and Venmo. Here’s what you need ...

In pending ERC litigation, the government made a surprising concession regarding its interpretation of the partial suspension ...

The Supreme Court of Ohio upheld the denial of Total Renal Care, Inc.’s (“TRC”) refund claim of Ohio Commercial Activity Tax (“CAT”) that it paid ...

Freelancers choosing Section 44ADA have to declare a minimum of 50% of their gross receipts as income, but they can still ...

Summary: Presumptive Taxation under Section 44ADA of the Income Tax Act simplifies tax compliance for Indian freelancers earning from Indian and foreign clients. Freelancers in specified professions ...

In her annual report to Congress for 2024, National Taxpayer Advocate (“NTA”) Erin M. Collins identified the processing of ...

Today marks the critical deadline for filing 990 series returns, a key tax compliance date for certain nonprofit organizations. Organizations required to meet this 990 deadline must ensure their ...

An excise tax of 3.15 percent also is imposed on the gross receipts from medical cannabis firms that have been in existence for a decade. Forty percent of the state’s revenue from the legal ...