SP Income Tax & Bookkeeping Services

02/09/2024

https://youtu.be/NglAffwNFho?si=HyEBu7aYM0Wym8Uq

Thieves are constantly working to steal people’s identity and personal info so they can use it to fraudulently file tax returns and claim refund money that i...

01/05/2024

SP Income Tax & Bookkeeping Services

01/27/2023

https://www.irs.gov/newsroom/taxpayers-should-hang-up-if-tax-season-scammers-come-calling

Tax Tip 2023-02, January 9, 2023 — The tax filing season is a popular time for scammers to call and try to dupe unsuspecting taxpayers. These thieves often make threatening or alarming calls posing as the IRS to try to steal taxpayer money or personal information.

01/27/2023

Gig economy earnings are taxable

Generally, income earned from the gig economy is taxable and must be reported to the IRS. The gig economy is activity where people earn income providing on-demand work, services or goods. Often, it's through a digital platform like an app or website. Taxpayers must report income earned from the gig economy on a tax return, even if the income is:
* From part-time, temporary or side work,
* Not reported on an information return form - like a Form 1099-K, 1099-MISC, W-2 or other income statement or
* Paid in any form, including cash, property, goods or virtual currency.

For more information and professional help
☎️(847)231-3009
[email protected]

Large enough to handle your diverse needs. Small enough to care. About Us Welcome to SP Income Tax & Bookkeeping Services website We are a full-service tax & bookkeeping firm. We offer bookkeeping, payroll, sales tax, business and individual tax planning & preparation, IRS/State representation & new...

01/27/2023

https://www.irs.gov/affordable-care-act/questions-and-answers-about-health-care-information-forms-for-individuals

Review basic questions and answers about individual health care information Forms 1095-A, 1095-B and 1095-C.

05/26/2022

Where’s My Refund? now provides refund information for the 2021, 2020, and 2019 tax years.