cozbycpa, Author at Cozby & Company

IRS Announces Sweeping Effort to Restore Fairness to Tax System with Inflation Reduction Act Funding
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IRS Announces Sweeping Effort to Restore Fairness to Tax System with Inflation Reduction Act Funding

Audits, Compliance, IRS, Personal Taxes, Tax Law Changes, Tax Tips, Taxes

IRS Announces Sweeping Effort to Restore Fairness to Tax System with Inflation Reduction Act Funding

This article was published by the IRS. Capitalizing on Inflation Reduction Act funding and following a top-to-bottom review of enforcement efforts, the Internal Revenue Service has announced the start of a sweeping, historic effort to restore fairness in tax compliance by shifting more attention onto high-income earners, partnerships, large corporations, and promoters abusing the nation's tax [...]

cozbycpa2024-02-14T10:28:45-05:00February 14th, 2024|Categories: Audits, Compliance, IRS, Personal Taxes, Tax Law Changes, Tax Tips, Taxes|Tags: Cozby & Company, CPA Heather Cozby, Earned Income Tax Credit, Inflation Reduction Act funding, IRS dirty dozen, IRS expansion of pilot focused on leveraging AI, IRS prioritization of high-income cases, IRS scrutiny on FBAR violations, IRS use of artificial intelligence, Plymouth MA accountant|

Are You Making Extra Cash Selling Stuff or Providing a Service?

If you get paid electronically for a side hustle, small business, or selling things online, you may need to pay taxes. Payment apps and online marketplaces might issue a Form 1099-K, informing you and the IRS of how much money you got for selling things or providing a service. If you make a profit through these [...]

cozbycpa2024-02-12T14:40:30-05:00February 12th, 2024|Categories: IRS, IRS Video, Personal Finance, Personal Taxes, Self-Employed, Tax Payments, Tax Tips, Taxes, Videos, YouTube|Tags: Cozby & Company, CPA Heather Cozby, do gig workers need to pay taxes on their income, Form 1099-K, is selling things considered taxable income, Plymouth MA tax preparer, what should I do if I get a Form 1099-K in error|

Businesses Must Electronically File Form 8300, Report of Cash Payments Over $10,000, Beginning Jan. 1, 2024

This article was published by the IRS. The Internal Revenue Service has announced that starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300. Businesses that [...]

Earned Income Tax Credit
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Earned Income Tax Credit

EITC, IRS, IRS Video, Personal Finance, Personal Taxes, Tax Credits, Tax Relief, Tax Tips, Taxes, Videos, YouTube

Earned Income Tax Credit

Millions of workers qualify for the Earned Income Tax Credit for the first time due to changes like the birth of a child. Visit IRS.gov/eitc for more details.

cozbycpa2024-02-05T12:02:27-05:00February 5th, 2024|Categories: EITC, IRS, IRS Video, Personal Finance, Personal Taxes, Tax Credits, Tax Relief, Tax Tips, Taxes, Videos, YouTube|Tags: Cozby & Company, CPA Heather Cozby, Earned Income Tax Credit, EITC, Plymouth MA tax accountant, who qualifies for the earned income tax credit, who qualifies for the EITC|

New Voluntary Disclosure Program Lets Employers who Received Questionable Employee Retention Credits Pay Them Back at Discounted Rate

This article was published by the IRS. As part of an ongoing initiative aimed at combating dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service has launched a new Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing ERC claims in error. The new disclosure program, which [...]

About cozbycpa

IRS Announces Sweeping Effort to Restore Fairness to Tax System with Inflation Reduction Act Funding

IRS Announces Sweeping Effort to Restore Fairness to Tax System with Inflation Reduction Act Funding

Are You Making Extra Cash Selling Stuff or Providing a Service?

Are You Making Extra Cash Selling Stuff or Providing a Service?

Businesses Must Electronically File Form 8300, Report of Cash Payments Over $10,000, Beginning Jan. 1, 2024

Businesses Must Electronically File Form 8300, Report of Cash Payments Over $10,000, Beginning Jan. 1, 2024

Earned Income Tax Credit

Earned Income Tax Credit

New Voluntary Disclosure Program Lets Employers who Received Questionable Employee Retention Credits Pay Them Back at Discounted Rate

New Voluntary Disclosure Program Lets Employers who Received Questionable Employee Retention Credits Pay Them Back at Discounted Rate

Plymouth 400, Inc. is a 501 (c)3 nonprofit founded in 2009 in Plymouth, MA to lead the planning and execution of programs and events commemorating the 400th anniversary of the Mayflower voyage and the founding of Plymouth Colony.