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2. IRS delays 1099-K rules for ticket sales, announces new ... - AOL

   www.aol.com/irs-delays-1099-k-rules-180002651.html

   The IRS said Tuesday that its "phased-in approach" with a $5,000 threshold in 2024 will allow the IRS to review its operational processes to better address taxpayer and stakeholder concerns.

3. IRS Updates Penalties for Late Tax Returns in 2024 ... - AOL

   www.aol.com/irs-updates-penalties-tax-returns...

   For individuals, understating your tax liability by 10% of the tax required to be shown on your tax return or $5,000 — whichever is greater — is considered a substantial understatement.

4. Heads up if you’re a freelancer or small business owner: The ...

   www.aol.com/heads-freelancer-small-business...

   Last month, the IRS issued official notice that for calendar year 2024 the dollar-limit threshold would drop to $5,000 and further announced the 2025 threshold would be $2,500. Only in 2026 is the ...

5. Presidential election campaign fund checkoff - Wikipedia

   en.wikipedia.org/wiki/Presidential_election...

   Only a maximum of $250 per individual applies toward the $5,000 threshold in each state. The spending limit increases every cycle due to inflation. The FEC estimates that the limits for the primary election will be $40.9 million, of which a candidate must abide by state limits of 65.4 cents per person of voting age population in a state, or ...

6. IRS tax forms - Wikipedia

   en.wikipedia.org/wiki/IRS_tax_forms

   As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.

7. Income tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Income_tax_in_the_United...

   Advance payments of tax are required in the form of tax withholding or estimated tax payments. Due dates and other procedural details vary by jurisdiction, but April 15, Tax Day is the deadline for individuals to file tax returns for federal and many state and local returns. Tax as determined by the taxpayer may be adjusted by the taxing ...