Bookkeeping Nurse LLC

12/04/2024

As we prepare for the holiday season, thieves look for ways to file fraudulent tax returns with our personal information. This National Awareness Week, and the Security Summit are highlighting steps you can take to protect your personal information.

Learn to recognize common scams and cyber threats at www.irs.gov/securitysummit

12/04/2024

Have you filed your BOI report yet?

Stay educated.

On December 3, 2024, a Texas-based federal court issued a sweeping order prohibiting the federal government from enforcing the Corporate Transparency Act (CTA) anywhere in the country. Texas Top Cop Shop, Inc., et al. v. Garland, et al., Case No. 4:24-cv-478 (E.D.

07/09/2024

Be aware of scams. Don’t fall victim.

A new warning is out from the IRS.

01/10/2023

Getting your financial paperwork organized is key to a successful tax return filing. It not only helps you and your tax preparer complete an accurate return; but it helps decrease errors, avoids delays in processing and reduces the chances of receiving dreadful IRS letters.

See these hints from the IRS: https://www.irs.gov/newsroom/get-ready-for-taxes-whats-new-and-what-to-consider-when-filing-in-2023

01/04/2023

Good news!!

The has announced that 2022 will now be a transition period for the lower $600 threshold reporting for third-party payment organizations to generate Form 1099-Ks for taxpayers. See:

IR-2022-226, December 23, 2022 — The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.

01/04/2023

announces that beginning on Jan. 1, 2023, the standard mileage rate for business travel will be 65.5 cents per mile, up 3 cents from the midyear increase setting the rate for the second half of 2022. See:

IR-2022-234, December 29, 2022 — The Internal Revenue Service today issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

07/14/2022

The IRS increased the mileage rate for the remainder of 2022, up 4 cents.

"The IRS is adjusting the standard mileage rates to better reflect the recent increase in fuel prices," said IRS Commissioner Chuck Rettig. "We are aware a number of unusual factors have come into play involving fuel costs, and we are taking this special step to help taxpayers, businesses and others who use this rate.”

https://www.irs.gov/newsroom/irs-increases-mileage-rate-for-remainder-of-2022