January 17, 2018
It's that time again. Forms 1099-MISC for contract workers and rents paid need to be filed by January 31, 2018. If you paid any person or non-incorporated company over $600 for the year 2017 for contract work or rents, please contact us.
Here is a link to help you understand if you need to send Forms 1099-MISC:
Here are some key highlights from the CARES Act passed on Friday 3/27/20.
Recovery Rebate Checks
Filing statuses of single or head of household taxpayers will receive $1,200 and filing status of married filing joint taxpayers will receive $2,400 based on their Adjusted Gross Income. There is an additional $500 for each qualifying child.
The rebate check amount will be...
To our valued clients,
As of today, the IRS has issued additional guidance on the Federal filing and payment extension and we would like to provide further information as well as a link to the IRS FAQs page.
Contributions to Individual Retirement Accounts (IRAs) including SEP IRA accounts
Because the due date for filing Federal income tax returns has...
The President has signed the Families First Coronavirus Act (FFCRA) in an attempt to ease the economic consequences stemming from the COVID-19 outbreak. Among other things, the bill provides family and medical leave and sick leave to employees and offers tax credits to employers and self-employed individuals providing the leave. It becomes effective April 2, 2020 and contains...