Tytn Business Development

10/26/2025

FYI -

Tax refund payments, IRS phone assistance, and appointments with the agency’s appeals office will all be hampered as the government shutdown trudges into its fourth week.

10/25/2025

Something to look forward to -

Americans may see larger tax refunds in 2026, thanks to the IRS updatng delays to account for Trump's retroactive tax provision, an economist says.

10/17/2025

Standard Deduction went up for 2025

Standard tax deductions are increasing across the board, but the news is even better for those 65 years and older.

10/16/2025

Heads up for next year -

How you get your tax refund may look a lot different this year — here's what changed.

12/04/2023

Interest rate going to 8% -

The IRS is raising the interest penalty for underpayment of estimated taxes, with taxpayers who are self-employed or work as independent contractors urged to be vigilant.

12/23/2022

IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K

The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.

As a result of this delay, third-party settlement organizations will not be required to report tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower, $600 threshold amount enacted as part of the American Rescue Plan of 2021.

As part of this, the IRS released guidance today outlining that calendar year 2022 will be a transition period for implementation of the lowered threshold reporting for third-party settlement organizations (TPSOs) including Venmo, PayPal and CashApp that would have generated Form 1099-Ks for taxpayers.

The IRS also noted that the existing 1099-K reporting threshold of $20,000 in payments from over 200 transactions will remain in effect.

12/08/2022

Taxpayers should remember, if a couple is married as of December 31, the law says they're married for the whole year for tax purposes.

Tax Tip 2022-188, December 8, 2022 — When people get married their tax situation often changes. A taxpayer’s marital status as of December 31 determines their tax filing options for the entire year, but that’s not all newlyweds need to know.

10/06/2022

Online lender Kabbage was one of the biggest lenders in the first year of the Paycheck Protection Program, processing more than $7 billion in loans.

05/19/2022

Tax Tip 2022-78, May 19, 2022 — A lot of families move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale from their income when filing their tax return.

03/23/2022

Call us if you need help - 281-747-7094

Paying taxes is painful enough. Why fork over even more of your hard-earned money to pay someone to prepare your tax return? Learn: Taxes 2022: Are Face Masks and Hand Sanitizer...

03/19/2022

And we ‘absolutely’ believe him, don’t we?

IRS Commissioner Charles Rettig told House lawmakers he expects the backlog of tens of millions of unprocessed tax returns to clear by the end of 2022.