Jan SchaffnerOct 18, 2023Crop Insurance PaymentsJust a reminder from Pub 225 from IRS: Generally all crop insurance proceeds you receive as a result of physical damage or reduction of...
Jan SchaffnerNov 1, 2022Don't be surprised in January 2023IRS has reminded taxpayers who earn income and receive payment by credit card will be receiving a 1099-K if the transactions are over...
Jan SchaffnerOct 25, 2022Allocation of Purchase PriceBusiness owners buy and sell assets used in their business every year. There are many rules associated with each side of the transaction....
Jan SchaffnerOct 20, 2022Staying Current in Tax Law ChangesA headline this morning caught my attention: "In the last 20 years, there have been more than 4,500 changes to the tax code. That's...