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Midyear Tax Planning Ideas for Individuals

  • Jul 27, 2020
  • Tax

The extended July 15 deadline for filing your 2019 federal income tax return is behind us. Now it's time to think about your current federal tax situation. Tax planning is especially complicated for 2020. There are a lot of moving pieces: The COVID-19…

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Businesses: Get ready for the new Form 1099-NEC

  • Jul 17, 2020
  • Tax

There’s a new IRS form for business taxpayers that pay or receive nonemployee compensation. Beginning with tax year 2020, payers must complete Form 1099-NEC, Nonemployee Compensation, to report any payment of $600 or more to a payee. Why the new…

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