Month: January 2022

New 1099 Reporting Requirements for 2022 – what does it mean for you?

Starting in 2022 the IRS has issued new 1099 reporting requirements requiring Venmo, PayPal, Cash App to report business transactions of $600 or more to the IRS. What does this mean for the individual taxpayer? If I give money to my relatives over Chinese New Years does that mean I need to issue them a …

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How to protect your finances in a period of record inflation

Most recent CPI (consumer price index) numbers were reported last week at 7% year over year which is a historical 40 year high, leaving investors and retirees worried about the future of their finances. The Federal Bureau of Labor Statistics calculates the CPI and publishes percent changes in prices of a set selection of consumer …

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