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The Hidden Cost of Lifestyle Creep: A Tax Planning Risk You Can’t Afford to Ignore

The Hidden Cost of Lifestyle Creep: A Tax Planning Risk You Can’t Afford to Ignore

by taxPRO Websites Staff | Jun 5, 2025 | Tax Tips and News

Purpose: Every year, individuals and families experience income growth—raises, bonuses, new business wins. Yet despite higher earnings, many find themselves with little to show for it come tax season. Why? Because lifestyle creep isn’t just a budgeting issue—it’s a...
Key Updates to Form 1099-K

Key Updates to Form 1099-K

by Taxing Subjects | Jun 2, 2025 | Tax Tips and News

After a few years of delays, the reporting threshold for third party settlement organizations (TPSOs) reported on a Form 1099-K has officially dropped

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