1099-DA What does the new administration mean for crypto tax reporting? How do we plan for the unknown…? In general, we like to talk about known items in the tax reporting Read More » December 11, 2024
BOI Reporting Latest CTA Update- Federal Court Temporarily Halts Beneficial Ownership Reporting Requirements The Corporate Transparency Act (CTA) is an important law designed to keep financial systems safe from threats like terrorism financing, Read More » December 9, 2024
Extension Form 8809: Extension to File 1099 Forms “The best preparation for tomorrow is doing your best today.” – H. Jackson Brown Jr. Form 8809 is like asking Read More » December 6, 2024
1099 Forms The Ultimate 1099 Filing Checklist for the Holidays The holiday season is upon us, bringing with it a whirlwind of festivities, joy, and… oh, tax form filing preparations! Read More » December 4, 2024
Form W-9 Form W-9: A Complete Guide Managing a company that balances independent contracts or employs outside contractors during tax season may be especially challenging. Form W-9 Read More » November 28, 2024
1099-R Form 1099-R Distribution Codes Explained Line by Line When it comes to retirement accounts and distributions, Form 1099-R is a crucial document. It reports distributions from pensions, annuities, Read More » November 27, 2024
Form 1099-MISC Form 1099-MISC Instructions for the 2024 Tax Year With a wide range of tax forms to manage, it’s essential to understand their purpose and significance. One of the Read More » November 25, 2024
IRS Electronic Tax Payments Understanding the Differences: EFTPS Vs Direct Pay The U.S. Treasury provides a variety of electronic payment methods to streamline the tax payment process. Although they are right Read More » November 21, 2024
W-2 Forms What are Form W-2 Box 12 Codes? W-2 forms are the essential documents that reveal the financial journey of their employees over the past year. These forms Read More » November 15, 2024
Form 1099-K Form 1099-K Reporting Requirement for TY 2025 The world of business is highly digital in most aspects, including finances. Gone are the days when small business owners Read More » November 11, 2024
1099 Forms Form 1099 Late Filing Penalties The IRS imposes substantial penalties for late 1099 filings. Penalties also apply if the information provided is incorrect or a Read More » November 3, 2024
Form 941 Easy Q4 Form 941 Filing Guide For Payers Closing out the last payroll quarter of the year comes with extra pressure, especially when the totals on the Q4 Read More » October 30, 2024