1. Common Mistakes to Avoid with New Amendments When it comes to navigating new tax amendments, it’s easy to feel overwhelmed. You might wonder if you’ve missed something or...
Businesses ought to start preparations in advance to issue the new IRS Form 1099-NEC by January 31, 2023. Form 1099-NEC serves the purpose of reporting payments made as compensation...
Key Highlights Late Filing Penalty: Ensure your tax returns are submitted on time to avoid penalties. The IRS imposes a penalty for late filing, which can be a substantial...