The IRS has delayed the U.S. tax deadline for a month due to the pandemic. CNBC reports the new deadline will be on May 15th, a Saturday, while Bloomberg reports that it’s still up in the air whether it’ll be May 15th or May... Read More →
Tag - taxes
$1,400 Stimulus Deposits Already Showing for Some
Readers report Friday already getting their $1,400 stimulus deposits. That’s record speed given the bill was just signed into law on Thursday. Good news! Now go out and spend it. 😉 Hopefully it’ll show Monday or Tuesday for... Read More →
[Expired] Swagbucks/Shopathome: Get $4 Cashback with Free Credit Karma Tax Filing
Swagbucks is offering 400SB ($4) cashback when using filing your tax return with Credit Karma’s free filing service. Read More →
Tax Court: Cash Reward Profits from Credit Card Manufactured Spend could be Taxable
There’s an interesting ruling which came down from a tax court yesterday with regards to a couple who used their Old Blue Cash card to earn 5% cash back to buy Visa gift cards and do prepaid reloads, and to profit on the exchange... Read More →
PayPal Quietly Toughens Their 1099-K Issuance Policy
Reader IS250 reports on a change PayPal made for the year 2020 and beyond as they broadened the scope of 1099-K issuance to include MassPay payments received, such as payments you’ll receive from Swagbucks, Topcashback, Cardcash... Read More →
Report: Bank of America Sending Out 1099-MISC for Credit Card Signup Bonus
Yep, it’s that season again. Every year there’s at least one story of a bank doing something wonky with their 1099s. This year the honors go to Bank of America who are apparently sending out 1099-MISC for credit card signup... Read More →
Tax Filing Season will be February 12th through April 15th
The IRS announced that tax filing season for 2020 will be delayed a bit this year, CNBC reports. Instead of beginning late January, returns will be able to be filed beginning February 12th. This gives the IRS time for updating the... Read More →