Tax Brief
By Iris
Tax Brief Issue 1: New Tip Deduction, 1099-S Digital Assets, & 5472 Penalty Relief
New §224 deduction for qualified tips, Form 1099-S now reports digital-asset proceeds, and Form 5472 §6038A penalty relief for small corporations.
New §224 deduction for qualified tips, Form 1099-S now reports digital-asset proceeds, and Form 5472 §6038A penalty relief for small corporations.