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Tax Tidbits
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Crop Insurance Payments
Just a reminder from Pub 225 from IRS: Generally all crop insurance proceeds you receive as a result of physical damage or reduction of...
Jan Schaffner
Oct 18, 2023
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Don't be surprised in January 2023
IRS has reminded taxpayers who earn income and receive payment by credit card will be receiving a 1099-K if the transactions are over...
Jan Schaffner
Nov 1, 2022
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Allocation of Purchase Price
Business owners buy and sell assets used in their business every year. There are many rules associated with each side of the transaction....
Jan Schaffner
Oct 25, 2022
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Staying Current in Tax Law Changes
A 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...
Jan Schaffner
Oct 20, 2022
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