Tax Season 2021 has begun. When you dig into your tax return for reporting 2020 income, you’ll notice that Form 1040 has changed yet again. In 2018, the IRS condensed Form 1040 significantly ...

The IRS has reported a Transcript Delivery System (TDS) programming issue that affects business taxpayers who reported information related to COVID-19 employment tax relief on Form 941, Employer’s ...

Anytime a payor thinks they have to report a payment on a Form 1099, they should ask for a Form W-9. If they fail to get one signed, they may have to withhold taxes at 24%. So if you refuse to ...