Category: Tax Tips

Tax Tips September 2020

Click on the links below to jump to each section in this article: IRS Form 1040-X Now Available for E-Filing The Home Office Deduction Record-keeping Tips for Individuals and Businesses What To Do If You Get a Letter From the IRS E-Signatures Temporarily Allowed for Certain Forms   IRS Form 1040-X Now Available for E-Filing Form 1040-X has been one of the last major individual tax forms that still needed to be paper-filed, but now taxpayers can quickly correct previously filed...

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Tax Tips August 2020

Click on the links below to jump to each section in this article: What is Form 1099-NEC? RIC Shareholder Dividends Qualify as Section 199A Temporary Relief for Retirement Plan Participants Tax Facts to Know If You're Selling Your Home This Year Small Business Tax Tips: Payroll Expenses   What is Form 1099-NEC? Starting in tax year 2020, payers must complete Form 1099-NEC, Nonemployee Compensation to report any payment of $600 or more to a payee. There is a new form that only applies to...

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