What The IRS’s 1099-K Changes Mean For Small Businesses
Last year, the Internal Revenue Service announced a phased rollout of reporting requirements for businesses who receive at least some of their income through third-party payment apps.
CBS News on MSN16d
Over 6,000 IRS employees expected to be terminated by end of week
The employees who will be affected — in a single division of the IRS — are expected to be notified Thursday that they've been ...
Editorial: Stop IRS from criminalizing small business
The Corporate Transparency Act, passed by Congress in 2021 and signed by former President Joe Biden, requires all business ...
Trump administration's IRS job cuts could delay refunds, impact small business services
The move by the Trump administration will shrink the agency’s workforce by about 6%. In the past few years, Congress has ...
Akron-area tax preparers expect longer delays, fewer audits of wealthy after IRS cutbacks
The firing of 6,000 employees at the Internal Revenue Service will mean frustrating wait times for those seeking call center ...
ABC News on MSN16d
IRS layoffs underway around the country as millions prepare to file taxes
The IRS has begun laying off more than 6,000 new and newly promoted employees across the country as part of the push to slash ...