Tax
If you used popular payment apps like PayPal, Venmo or Cash App in 2025, here’s a tax rule you should know before filing your taxes. These apps help people send and receive money, but the IRS has rules about when that money must be reported. The rule is about a special tax form called Form 1099-K. Payment apps […]
The Rochester City School District claims it has fixed errors in employees’ W-2 forms that led it to advise staff to hold off filing their taxes. The issues pertain to missing or inaccurate information regarding retirement plans, employee health insurance contributions, and other pre-tax contributions — boxes 12 through 14 on W-2 forms — according […]
The chief financial officer at the Rochester City School District gave an update on Thursday night after the district warned about potential inaccuracies in tax forms mailed to staff. As News10NBC has covered, the district advised employees not to file their taxes yet. CFO Robert McDowell outlined the problem during a school board meeting, saying pre-tax […]
The Rochester City School District has informed employees of an issue with recently mailed tax forms. According to an email sent out to employees, the issue involves W-2 forms with missing or inaccurate pre-tax contributions attributed to an “ADP migration issue.” This announcement follows months of issues reported by district employees after a transition to a new […]
As tax season approaches, the New York Department of Taxation and Finance is warning residents about ongoing scams targeting taxpayers. Scammers are impersonating tax collectors, phishing for passwords, and sending fraudulent letters to steal personal information. New York Secretary of State Walter T. Mosley highlighted that scammers exploit the anxieties of tax season. Residents are […]
The IRS is working with Code for America to offer New York residents the able to file taxes for free next year. It’s part of a limited pilot program which will allow states like New York, Arizona, California, and Massachusetts to merge their state e-filing process with the IRS’s federal E-filing tools. According to the […]
New York State is in the works of trying to propose a bill for stream tax. If this bill happens to go through this would add an eight percent sales tax on your favorite streaming services. The increased sales tax would apply to all digital streaming products, from TV to audiobooks and even gaming and […]
According To Forbes, OnlyFans content creators have recently been contacted in connection with a criminal tax investigation. The news is coming from multiple sources within the tax community. Traffic to OnlyFans, a subscription-based social media platform that often includes adults-only content, exploded with the pandemic. OnlyFans reportedly grossed over $2.3 billion in 2020 alone. Its content […]
Over the weekend, The Senate passed the Inflation Reduction Act, a democratic-led package. The bill includes close to $400 billion, allows Medicare to negotiate the prices of some prescription drugs, establishes a 15% corporate minimum tax on companies worth $1 billion and fight climate change. The vote came after a marathon session that lasted through […]
There are a couple of bills that passed in the state Senate to help veterans who served in the military and in war zones. The proposals will help veterans and active duty military personnel better acclimate to civilian life. The bills include a property tax exemption for veterans who served in combat. There is also […]
WDKX Holiday Stream