by PSA CPA | Apr 1, 2023 |
Are you putting off filing your taxes? What occurs if you fail to pay on time? The 2022 tax deadline of April 18, 2023 is less than three weeks away. The IRS anticipates that the majority of individuals will have submitted their returns by this date. Those who do not...
by PSA CPA | Apr 1, 2023 |
Every season, married couples can choose to submit their taxes jointly or individually. While filing jointly usually pays off, separating returns may be preferable in some cases, according to financial experts. Married couples filing separately must file two separate...
by PSA CPA | Mar 1, 2023 |
The gig economy, also sometimes referred to as the sharing economy is a labor market characterized by the prevalence of short-term contracts or freelance work as opposed to permanent jobs. This sort of job is generally carried out through the use of digital platforms...
by PSA CPA | Mar 1, 2023 |
On December 23, 2022, the IRS stated that it would postpone the $600 reporting requirement for Form 1099-K that was scheduled to take effect during the 2022 tax year. Instead, these obligations have been delayed by one year to give people more time to prepare. Form...
by PSA CPA | Mar 1, 2023 |
Are you married to a nonresident alien? You can file alone or jointly with your nonresident foreign spouse, but every option has consequences. It’s typical for US residents to marry foreigners while they are employed and living overseas, and as with many other life...
It’s interesting to see how Social Security benefits are taxed differently depending on income and location. I didn’t realize only…