Understanding IRS Forms 1099 for Lawsuit Settlements
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Understanding IRS Forms 1099 for Lawsuit Settlements
🖨 Print⏱ 4 min readShare by The Basics of Tax Reporting in Legal Settlements When you collect a settlement for a lawsuit, you’ll likely also receive a Form 1099 from the IRS. This form serves as a reminder to pay … Continue reading
As Tax Season Opens, We Must Stay Alert to Rising Scam Threats
🖨 Print⏱ 3 min readShare by As tax filing season begins, scammers are ramping up efforts to steal taxpayers’ personal information through increasingly sophisticated schemes. Below, we discuss the latest scam, what to look out for in general, and what … Continue reading
Preventing a Government Shut Down, Rolling Back Regulations and Clarifying Cryptocurrency Protocols
🖨 Print⏱ 3 min readShare by Full-Year Continuing Appropriations and Extensions Act, 2025 (HR 1968) – In the nick of time before the midnight deadline that would have otherwise shut down the Federal government, Congress passed a budget bill to … Continue reading
Dissecting the Half-Year Convention for Depreciation
🖨 Print⏱ 3 min readShare by Depreciation can help a business realize tax benefits, maintain compliance with financial reporting requirements, and project asset replacement. The half-year convention for depreciation is an important practice to understand. For fixed assets, depreciation is … Continue reading
Copyright and AI-Generated Images and Videos:
🖨 Print⏱ 4 min readShare by What Businesses Need to Know to Stay Legal Artificial intelligence (AI) tools are reshaping content creation. It is now easier for businesses to produce images and videos for use on websites, social media, and … Continue reading
Protecting Critical Supply Chains, Recycling Programs and Victims of Digital Forgeries
🖨 Print⏱ 3 min readShare by Promoting Resilient Supply Chains Act of 2025 (S 257) – Introduced by Sen. Maria Cantwell (D-WA) on Jan. 2, this bill is designed to promote resilient critical supply chains by identifying, preparing for, and … Continue reading
