Phone: (706) 353-1711
Address: 630 Hawthorne Ave, Athens, GA 30606
Hours (Jan – Apr):
Mon–Fri: 8:30 AM – 7:00 PM
Sat: 9:00 AM – 2:00 PM
Hours (May-Dec):
Mon–Thu: 8:30 AM – 5:00 PM
Fri: 8:30 AM – 12:00 PM
Apps like Cash App, Venmo, PayPal, etc. DO have to report to the IRS for business items over $600. BUT – it’s for 2022, not 2021 taxes. This is only for businesses (when payments are entered as a good/service) and are reported on a 1099 to the IRS. For 2021 and past years, you had to have over 200 transactions and $20,000 before anything was reported.
Reach out to The Tax Shelter for help reporting these in 2023!
Tips for Donations: Expect a 25 to 30% benefit for the value of what you are donating Goodwill has a “donation value estimator” where you
If you are gifting or receiving a gift, it is rarely ever taxable. Right now, there is a lifetime exclusion of $11 million per person
