As we gear up for the 2024 tax season, the Internal Revenue Service (IRS) wants to ensure you’re equipped with the right tools and information. We’ve crafted a list of important tools that you will need to know in 2024. Let’s check it out each one by one. 1. Interactive Tax Assistant: Your Tax Law …
Unveiling a Stress-Free Tax Season: Your Comprehensive Guide to IRS Resources Read More »
In the fast-evolving landscape of digital assets, the Treasury Department and Internal Revenue Service (IRS) have issued a crucial announcement, clarifying reporting requirements for businesses. The recent Infrastructure Investment and Jobs Act brought about significant changes, considering digital assets equivalent to cash for reporting purposes. However, before these changes take effect, the IRS and Treasury …
Looking for help with reporting income from payment apps and online sales? Feeling a bit lost? Good news – the IRS has a free video webinar that explains everything about Form 1099-K. Wondering what they covered and how it can make your tax reporting easier? This blog will answer all the questions. Let’s delve into …
Empower Your Finances: IRS Offers Free Video Content on 2023 Form 1099-K Regulations Read More »
As the IRS kicks off its 22nd filing season, taxpayers can get a head start on their returns with the IRS Free File Guided Tax Software service, now live on IRS.gov. Crystal Clear Tax is here to guide you through this user-friendly option. Unlocking the Power of IRS Free File IRS Free File is a …
Tax Season Made Simple: Millions Eligible for Free IRS Filing through IRS online portal Read More »
In order to save employees from unforeseen financial challenges, the Internal Revenue Service (IRS) recently issued initial guidance on Pension-Linked Emergency Savings Accounts (PLESAs). As part of the SECURE 2.0 Act of 2022, PLESAs offer a strategic approach to financial preparedness, and Crystal Clear Tax is here to guide you through the intricacies of this …
IRS Takes the Lead in Directing Employers on Emergency Savings Accounts Implementation Read More »
In the tax resolution world, the Offer in Compromise (OIC) is like a helping hand for people dealing with big tax bills. But, the 36% acceptance rate can make tax professionals worry. They often ask, “Will my client’s OIC actually get accepted?” Here at Crystal Clear Tax, we make understanding OICs easy. We explain how …
Offer in Compromise (OIC) Success Blueprint: Crystal Clear Tax’s Guide to IRS Approval Read More »
The Internal Revenue Service (IRS) and the Security Summit partners have issued a warning about a new wave of filing season-related email schemes where cybercriminals pose as potential clients. Recognizing the Threat In recent years, the IRS has witnessed a surge in “new client” scams during tax season, typically from January through April. These scams …
Stay Informed, Stay Secure: IRS Warns Tax Pros of Emerging Scams in 2024 Filing Season Read More »
As the calendar turns towards tax season, it’s time for employers and independent contractors to heed the reminders from the IRS. The key date to mark on your calendar is January 31 – the deadline for submitting crucial wage statements and forms for independent contractors. W-2s and 1099s: The January 31 Deadline Employers must ensure …
Mastering Tax Season: Essential Tips for Employers and Independent Contractors Read More »
As we’re on the brink of 2024, taxpayers and tax professionals are eagerly gearing up for the upcoming IRS tax season – a time that may seem daunting, but fear not, as we navigate the financial landscape ahead. Mark your calendars for January 29, 2024, as the official kickoff when the IRS will begin accepting …
Navigating the 2024 Tax Season: A Guide to IRS Updates Read More »
Are you a CPA or a tax professional looking to take your career to the next level? The world of IRS tax resolution services and the coveted title of Enrolled Agent (EA) might be the perfect next step for you. At Crystal Clear Tax, we’re here to provide you with a comprehensive guide to becoming …
Your Roadmap to Success: A Practical Guide to Becoming an Enrolled Agent Read More »
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