Hampton, Fox & Associates

12/25/2022

https://www.bnnbloomberg.ca/irs-delays-600-tax-reporting-rule-for-venmo-etsy-sellers-1.1863060

The Internal Revenue Service is delaying a requirement for e-commerce platforms, including Venmo, PayPal, Cash App and Etsy, to send tax forms to customers who have transactions of more than $600.

09/14/2022

https://reason.com/2022/09/12/americans-spent-more-on-taxes-last-year-than-on-food-health-care-education-and-clothing-combined/

Overall, taxes accounted for about 25 percent of average consumer spending.

08/04/2022

https://nypost.com/2022/08/03/why-irs-80b-expansion-is-a-nightmare-for-small-business/

Small business owners may soon be in a lengthy and expensive battle with the IRS, tax experts warn.

05/13/2022

https://www.cnbc.com/2022/05/12/tax-pros-horrified-by-irs-decision-to-destroy-data-on-30-million-filers.html

The IRS destroyed an estimated 30 million so-called paper-filed information returns in March 2021, sparking anger from the tax community.

02/04/2022

https://www.freep.com/story/money/personal-finance/susan-tompor/2022/01/28/irs-notice-why-resend-2020-returns-backlog/9252561002/

On Thursday, the IRS said it would suspend some notices but taxpayers were already confused by why they were asked to send in copies of 2020 returns.

01/14/2022

https://www.reuters.com/business/navient-resolves-state-probes-into-student-loan-practices-2022-01-13/

U.S. student loan giant Navient Corp will cancel $1.7 billion in debt owed by 66,000 borrowers and recompense 350,000 others to resolve allegations by 38 U.S. states and the District of Columbia that the company preyed on customers and steered many to costly repayment plans.

04/02/2020

CARES Act details, we are available to answer any questions in these trying times

Your small business need cash right now? The government has stepped up to help. I cover the main two ways your business can get cash now that the CARES Act is law. We’ll also discuss the steps you need to take to make sure you can get your money as efficiently as possible.

03/27/2020

https://www.google.com/amp/s/www.nytimes.com/article/coronavirus-stimulus-package-questions-answers.amp.html

The Senate relief bill would send money to Americans and greatly expand unemployment coverage.

12/16/2019

Happy Holidays!