The IRS is still making changes for 2023 Tax Season!  But here are some to be aware of:

1. The IRS has extended the 1099-k for Venmo, PayPal, cash app payments til 2024 TY and the threshold will no longer be $600, but $5000 (stay tuned for more in Tax Webinar)

2. Virtual currency applied as property taxation when cashed out in US income - must have crypto report from CoinBase for return to be filed, or from bank sold

3. Please keep up with all gambling receipts - can report winnings and losses - cannot report losses that exceeds your winnings

4. Corporate Transparency Act - Registered Agents (Key players) for each company is required to file an informational return to Finn starting 1/1/24(new), later date for existing entities

5. $4000 federal credit on used Clean vehicles; $7500 for New

More will be added as approved by the IRS...