Category: General

14 posts
Public services and infrastructure funded by tax dollars

Why Do We Pay Taxes?

Explore the fundamental reasons we pay taxes including funding public services, infrastructure, national defense, and social programs that benefit society as a whole.

John C Thompson, EA
1099-K tax form and payment processor documentation

What's This New 1099-K I Got?

Understand the 1099-K form for payment card and third-party network transactions. Learn when you owe taxes on these amounts and how to report them correctly.

John C Thompson, EA
Minnesota state tax forms and renters credit documentation

Minnesota Renters Credit Updates

Major changes to Minnesota's Renters Credit for 2024 - now filed with your regular tax return instead of separate M1PR form. Learn the new process and timeline benefits.

John C Thompson, EA
IRS penalty avoidance and tax compliance strategies

Avoiding IRS Fees and Penalties

Learn how to avoid common IRS penalties including failure to file and failure to pay penalties. Understand extension requirements and safe harbor provisions to stay compliant.

John C Thompson, EA