Davidson & Company, CPAs

05/13/2025

COMMON QUESTION:
What's the Status of Your Refund?

You can learn the status of your tax refund using an IRS online tool. Go to irs.gov and click on "Get Your Refund Status."

You'll need your Social Security number, filing status and refund amount.

Send a message to learn more

12/01/2022

By now you have heard that there is a new reporting threshold for 3rd party payors and payment cards such as EBay, Facebook Marketplace and cash transfer applications (other than Zelle) of $600. Congress decided that all of these amounts will be reported on the 1099-K. Did you sell $800 worth of old furniture on Ebay-guess what, you get a 1099-K because it is over $600. Did you do cash transfers over the course of the year to one or more friends over $600 through an app? Guess what, you will also get a 1099-K.

The IRS has already stated that the data will be used for new audit and collection approaches and computer matching for unreported income.

Source: TaxSpeaker

08/25/2022

Learn more about the $200 Automatic Taxpayer Refund (Indiana only):

Automatic Taxpayer Refund DOR Individual Income Taxes Current: Automatic Taxpayer Refund Scam WarningThe Auditor of State’s Office and Indiana Department of Revenue remind Hoosiers to be mindful of potential scams regarding Automatic Taxpayer Refunds (ATR). All refunds will be issued by direct dep...