October 25th, 2022

The Catch After the Catch: IRS Treatment of MLB Souvenir

Cory Youmans recently became the latest fan to catch a piece of baseball history when he caught Aaron Judge’s American League single-season home run record setting ball. While most baseball fans dream of catching a…

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Woman Running Home Business Mobile Payment

January 26th, 2022

Get Paid Through Peer-to-Peer Apps? Be Aware of New IRS Reporting Requirements

The Internal Revenue Service has made significant changes to income reporting requirements for 2022 by all third-party payment processors such as Venmo, PayPal and Cash App.  They must report payments for goods and services reaching…

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