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Important Updates

July 2021 July 13: IRS readies nearly 4 million refunds for unemployment compensation overpayments July 8: The first advance child tax credit payments begin arriving in mid-July 2021, unless you …

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Changes to Forms 1099

The most significant change to Form 1099 in 2020 is the breakout of NEC from Box 7 of Form 1099-MISC to its own Form 1099-NEC. NEC still includes payments of …

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2020 Tax-Planning Checklist

It’s never too early to start organizing information for your tax return. However, fall is a great time to really focus on this effort. One thing we recommend is to …

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Tax Extension FAQs

I’ve heard people talk about getting a tax extension, but I’m unsure why. What are the benefits? And, will I be audited if I do extend? Here are the frequently …