Can you explain the federal tax? Please explain. Because your videos are very useful and I have watched all of them.
@TheTaxGeek9 ай бұрын
I pretty much thought that's what I was doing with these videos...is there something in particular you don't understand?
@DiegoAlejandroGodoyRuge7 ай бұрын
Thanks! Why would they increase the 1099k threshold to issue the form from 600 to 5k? What’s the purpose of that? Wouldn’t that make peoples lives more difficult? 😅
@TheTaxGeek7 ай бұрын
The proposal to decrease the 1099-K reporting threshold came from two directions. One was from the payers themselves, who didn't want to issue perhaps millions of additional forms. The other was from the public, who was concerned that people who use third party payment networks for non-taxable purposes (i.e. reimbursements or sale of personal property) might have to pay taxes on this money. A $5,000 threshold largely resolves both of these problems.
@maia899479 ай бұрын
Can u make video of back door Roth and tax with fmv
@TheTaxGeek9 ай бұрын
I've added it to the list....
@MC-wt7zt9 ай бұрын
Please consider oversimplifing Child tax credits and where they are calculated and in which line are they documented.
@TheTaxGeek9 ай бұрын
Have you checked out this video? kzbin.info/www/bejne/oau4e2WJZ7pqebM It's one of the first videos I made for the channel--it's three years old as of today!
@ElLeNoir..ELconomics9 ай бұрын
Good morning coach!!
@miguelcubero34409 ай бұрын
❤
@GrayHayesTaxandFinancialSvcs9 ай бұрын
Your videos are great and very useful. May I share them in facebook?