* FYI - I have posted “WHAT IS NEW IN TAXES FOR 2024” (to date) at my TAX PLANNING RESOURCE CENTER.
* Over at KIPLINGER.COM Daniel Rey warns “Weighing a Roth Conversion? Don’t Overlook These Five Factors”.
* Some good news from the Service – “IRS announces delay in Form1099-K reporting threshold for third party platform payments in 2023; plans for a threshold of $5,000 for 2024 to phase in implementation” -
“Following feedback from taxpayers, tax professionals and payment
processors and to reduce taxpayer confusion, the Internal Revenue Service today
released Notice
2023-74PDF announcing
a delay of the new $600 Form 1099-K reporting threshold for third party
settlement organizations for calendar year 2023.”
* No surprise – New Jersey is #1 (the worst) on the list of “The 20 worst states to be a property owner” at ACCOUNTING TODAY.
*
Kay Bell celebrated the holiday with “5 tax turkeys to avoid this Thanksgiving and beyond”.
TTFN
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