Income Tax Preparation, Payroll, Bookkeeping, Consulting, Human Resources, Marketing and Notary Services A Plus Business Solutions, Inc.
specializes in Income Tax preparation for Individuals and Small Businesses. Bookkeeping Payroll and Human Resources. Notary Services are also available.
01/06/2023
IRS Acceptance Date 2023: When will the IRS start processing electronic returns?
IRS Acceptance Date 2023: When will the IRS start processing electronic returns? The start of a new year means that IRS will soon start issuing tax rebates, which will bring good news to households across the US. The process can be a lengthy one, but, thanks to
12/24/2022
IRS delays tax reporting change for 1099-K on Venmo, Paypal business payments
IRS delays tax reporting change for 1099-K on Venmo, Paypal business payments Tax professionals and consumers are likely to cheer the delay, which means the pre-2022 threshold of $20,000 for more than 200 transactions applies for now.
12/17/2022
Early filers’ should wait until later in the 2023 tax season to file returns: Here’s why
‘Early filers’ should wait until later in the 2023 tax season to file returns: Here’s why The IRS is warning taxpayers who like to file their tax returns in late January or early February to wait until later in 2023, and here’s why.
12/15/2022
Americans could face a tax refund shock next year
Americans could face a tax refund shock next year Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
12/13/2022
IRS warns of 50% penalty for failing to make retirement withdrawals
IRS warns of 50% penalty for failing to make retirement withdrawals - NewsBreak (The Center Square) – Throughout the decades, millions of Americans had small amounts from their paychecks withdrawn – before taxes were deducted – and invested the money in retirement plans. As those taxpayers retire or plan for retirement, the Internal Revenue Service is reminding them about...
12/13/2022
New IRS rule on Venmo, Cash App payments threatens to sweep up millions of Americans
New IRS rule on Venmo, Cash App payments threatens to sweep up millions of Americans Taxpayers need to prepare to report transactions exceeding $600 that are received through Venmo, PayPal and other cash apps to the IRS starting in 2023.
09/03/2022
IRS exposes taxpayers info.
The IRS says it accidentally exposed confidential information involving 120,000 taxpayers - NewsBreak Their data was made available for download on the IRS website. Around 120,000 taxpayers who filed a Form 990-T will be hearing from the IRS in...
02/13/2022
IRS backlog hits nearly 24 million returns, further imperiling the 2022 tax filing season.
IRS backlog hits nearly 24 million returns, further imperiling the 2022 tax filing season The inventory of unprocessed returns and related correspondence was provided by the IRS’s taxpayer advocate service to the tax-writing committees in Congress. The Treasury Department, the IRS’s parent agency, warned in January that it expected its response to be subpar this year.
02/04/2022
Why your income tax refund could be a lot lower than expected.
Why your income tax refund could be a lot lower than expected “This is ready to be one of the big problems with this year’s return,” Wagner said.
01/29/2022
Treasury reconsiders IRS' use of facial recognition company ID.me
Treasury reconsiders IRS' use of facial recognition company ID.me The Treasury Department is reassessing the Internal Revenue Service’s use of third-party facial recognition software ID.me for access to taxpayer accounts amid growing concerns about the company's privacy practices.