11/08/2025
🔔 Financial multiservice Solutions LLC. Has updated the new 2025 taxpayer questionnaire increased more questions compared to last year‘s which will take some more time when scheduling appointments to go over your expenses and all the other requirements that are requested for 2025.
🔔 We are here to help you through the process. Make sure that you have all your documents bank statements from January 2025-December 2025. This includes your credit credit card statements any CD investments , Personal loans, Business loans., loans against your 401(k), any new upgrades that have been done to your personal home rental home properties purchased Land, farming land, out-of-pocket cost for damages due to disasters areas that have impacted you’re home any money that is been sold online through Amazon or eBay etc. Make sure to look out for your 1099-K especially if you’ve gone over a certain limit that is now required by the government New Law standards because that is and will be enforced this year especially any cost of good sold over the amount of:
✅ Current Reporting Threshold
• For tax year 2025, the IRS has reverted to the original threshold:
• $20,000 in gross payments AND more than 200 transactions through third-party payment platforms (e.g., PayPal, Venmo, Cash App, eBay, Etsy).
• This change was enacted under the One Big Beautiful Bill Act (OBBB), rolling back the previously planned $600 threshold.
• The lower thresholds ($2,500 for 2025 and $600 for 2026) that were announced earlier have been canceled.
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