We know that you don’t like it. But you have to accept it.
You are in a business and personal partnership with the government. One portion of your partnership agreement is the tax code.
And we are sure there are many parts of the tax code that you don’t like, particularly the parts where you have to keep tax records. Here’s a...
The deadline for filing Forms 1099 for payments made to your vendors in 2018 is January 31, 2019!
The IRS requires Form 1099 to be filed if you made payments during the year as part of your trade or business (including rental real estate) for the following activities:
Services performed by independent contractors or others (not employees of your business);
Changes to the individual and corporate income tax rates that take effect beginning in 2018 under the major piece of tax legislation called the Tax Cuts and Jobs Act (the Act).
Rate changes for individuals. Individuals are subject to income tax on “ordinary income,” such as compensation, and most retirement and interest income, at increasing rates that apply to...