Description

Discover the shocking truth about the new Form 1099K reporting requirements and how they will impact your finances. From credit and debit cards to PayPal and Venmo, no payment method is safe from scrutiny. Will you be prepared to navigate this tax maze or will you become a target for the IRS?

In this episode, you will be able to:

• Master credit card rules and strategies to take advantage of cashback and rewards programs.
• Discover how the recent Form 1099K reporting threshold reduction may affect your tax obligations.
• Overcome the challenges of accurately reporting personal and business transactions to stay compliant with the IRS.
• Simplify your tax reporting by understanding the benefits of using third-party digital payments like PayPal or Venmo.
• Learn the importance of good bookkeeping practices to minimize the risk of IRS penalties or audits.

“Debt is stupid and credit card debt is one of the worst.” –Jeff Hockett

Connect with Jeff:

Website: https://www.hocketttax.com/ 

Email: jeff@hocketttax.com   

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