The Southern Maryland Chronicle on MSN

IRS Eases 1099-K Rules with $20K Limit

The Internal Revenue Service issued updated frequently asked questions on Form 1099-K on Oct. 23, 2025, clarifying reporting ...
The new OBBB requires tip & overtime tax reporting, but the IRS has issued a penalty relief for 2025, as employers adjust.
The Internal Revenue Service is giving tax professionals and employers fresh guidance — and a temporary break — as sweeping ...
The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...
If your business files Form 1098, 1099 or other information returns with the Internal Revenue Service (IRS), a major shift is on the horizon. The ...
Notice 2025-62 PDF provides penalty relief from the new information reporting requirements for cash tips and qualified ...
The Internal Revenue Service released several key updates last week implementing provisions of the One, Big, Beautiful Bill (OBBB), including temporary reporting relief for auto lenders, new ...
Portland, OR, USA - Jan 5, 2022: Third-party payment apps now have to report transactions more than USD600 to the IRS.
Nights are delicate and not to be trusted, like ice covering a pond in early November. When the phone rings in the middle of the night in your 20s, it’s likely a drunk friend needing a ride home. In ...