Banks are playing a central role in supporting the Federal Government’s implementation of the new tax laws, which took effect on January 1, by sensitising customers on the implications for their ...

What are the IRS reporting requirements for rental income? If you’re a new real estate investor, you might ask yourself, “Will the IRS know about my rental income?” The answer is simple: Yes, the IRS ...

The $600 reporting threshold has become a flashpoint for anyone who earns money through side gigs, payment apps, or freelance work. I want to unpack how that old limit is being reshaped, what the new ...

The era of casual crypto tax reporting in the United States is ending as the IRS moves to treat digital assets more like traditional securities and less like a niche side bet. Beginning with 2025 ...

Commercial banks are now required to file reports on bank accounts with N25 million quarterly turnover and above to the Federal Inland Revenue Service (FIRS) or other related agencies for effective ...