In today's episode, we delve into the U.S. Treasury's decision to suspend enforcement of the Corporate Transparency Act, a move that could reshape the regulatory landscape for domestic businesses. We also explore the IRS's new stringent rules targeting unreported income from side hustles, including a significant reduction in the 1099-K threshold. Plus, we preview the Fourth International Conference on Financing for Development, set to address global financial challenges and sustainable development goals. Join us...
In today's episode, we delve into the U.S. Treasury's decision to suspend enforcement of the Corporate Transparency Act, a move that could reshape the regulatory landscape for domestic businesses. We also explore the IRS's new stringent rules targeting unreported income from side hustles, including a significant reduction in the 1099-K threshold. Plus, we preview the Fourth International Conference on Financing for Development, set to address global financial challenges and sustainable development goals. Join us for these stories and more on Simply News Radio.
Sources:
https://tax.thomsonreuters.com/blog/corporate-transparency-act-enforcement-suspended/
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