Getting Paid Via PayPal? The Taxman’s Coming!
In the past, online sellers and companies accepting PayPal or other third-party settlement organizations (TPSO) for goods and services only received IRS Form 1099K when engaging in at least 200 annual transactions worth over $20,000. That will change beginning January 1, 2022, when the American Rescue Plan Act replaces the former ruling with a single […]
To Tax or Not to Tax
Which strategy is better? Paying your $50 doctor’s visit deductible with before-tax or after-tax dollars? If you said “before tax,” check if your employer offers an HSA (Health Savings Account) program. HSA’s are the tax-friendly way to pay your medical bills because dollars are deducted directly from your paycheck before taxes are calculated. Contributions made […]
