Prepare now for new Form 1099-K reporting threshold

A new reporting threshold for Form 1099-K, Payment Card and Third-Party Network Transactions, will start in tax year 2023. Encourage your clients to start keeping good records now for the next filing season. Find more information at IRS.gov/1099k.

IRS to update Allowable Living Expense standards for 2023

Allowable Living Expense (ALE) standards for 2023 will be available April 24. The ALE standards reduce subjectivity when determining what a taxpayer may claim as basic living expenses to avoid undue hardship when the taxpayer must delay full payment of a delinquent...

GCK Captures Victory at Trial in UCC Dispute

GCK is proud to announce that attorneys E. Philip Groben and Sandra D. Mertens successfully represented their client during a four day bench trial before the Commercial Calendar of the Circuit Court of Cook County, Illinois.  At issue was the enforcement of a contract...