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Small Business Accounting Tag

here is a guide to filing an amended tax return with the irs

Taxes, The Sharing Economy and You

If you’ve ever used–or provided services for– Uber, Lyft, Airbnb, Etsy, Rover or TaskRabbit, then you’re a member of the sharing economy; and it could affect your taxes. But, there is good news: if you’ve only used these services (not provided them), then there’s no need to worry about the tax implications.

However, if you’ve rented out a spare room in your house – through a company like Airbnb, then you need to be aware of the tax consequences. You may not realize that the extra income you’re making could impact your taxable income–especially if you have a full-time job with an employer.

the taxpayer advocate service is provided by the irs. There may be times, however, taxpayers may get fake calls impersonating the taxpayer advocate service, or any other irs entitty. here's what you can do - when things like this happen.

Is it Possible to Get Fake Calls from the Taxpayer Advocate Service?

Like clockwork, every year, there’s a new twist on old scams. This year, it is the IRS impersonation phone scam whereby criminals fake calls from the Taxpayer Advocate Service. The TAS is an independent organization within the IRS that help protect your taxpayer rights. TAS can help if you need assistance resolving an IRS problem, if your problem is causing financial difficulty, or if you believe an IRS system or procedure isn’t working as it should.

Typically, a taxpayer would contact TAS for help first, and only then would TAS reach out to the taxpayer. TAS does not initiate calls to taxpayers out of the blue.

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