by the Storen Team | Sep 13, 2022 | Resources, Taxes
Reconciliation bill includes nearly $80 billion for IRS including enforcement, AUDITS: What that means for taxpayers Article from CNBC.com Senate Democrats on Sunday passed their climate, health and tax package, including nearly $80 billion in funding for the IRS....
by the Storen Team | Aug 18, 2022 | Resources, Taxes
Long-delayed Indiana tax rebate checks will be larger Article from WFYI.org About 1.7 million tax rebate checks from Indiana’s big state budget surplus that have been delayed for months will be larger when they finally start hitting mailboxes. State lawmakers last...
by the Storen Team | Aug 9, 2022 | Businesses, Resources, Resources for Businesses, Tax FAQs, Taxes
The basics of tax estimates: What, Who, and Why Everyone must pay the federal government taxes as they earn or receive income during the year. In other words, our income tax system is a pay-as-you-go system. If you wait until April 15th of the following year to pay...
by the Storen Team | Aug 4, 2022 | Business 1099, Business Coaching, Businesses, Resources, Resources for Businesses, Taxes
New Reporting Requirements for 1099-K Article from CPA Practice Advisor It used to be that receiving a Form 1099-K was relatively rare. The form, technically known as Form 1099-K Payment Card and Third-Party Network Transactions was used to report payments received...
by the Storen Team | Jun 15, 2022 | Resources, Taxes
An increase in the optional standard mileage rate for the final 6 months of 2022. Article from IRS.gov The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional...
by the Storen Team | Jun 11, 2022 | Resources, Taxes
BBB Warns of Indiana Department of Workforce Development Texting Scam The Better Business Bureau is alerting residents about a new text message scam in which scammers pose as the Indiana Department of Workforce Development. In the latest scam, a text claiming to be...
