Tax Forms

Advance Child Tax Credit and EIP Must Be Reconciled on Your 2021 Return Article Highlights American Rescue Plan Advance Payments Payment Reconciliation IRS Letter 6419 Refund May Not Be as Expected Unusual CTC Circumstances Economic Impact Payment Letter 6475 Early in 2021 Congress passed the American Rescue Plan which included a provision that increased the…

Attention business owners! It is almost time to file your 1099’s for certain payments you made during the 2019 tax year. Who needs to file Form 1099? Any business that pays a non-employee individual $600 or more for their services must file. On a separate note, your employees are issued a Form W-2 which is…

Schedule C is used by many small businesses to report annual revenues and expenses. It is one of many schedules that may be included with your Individual Income tax return (Form 1040). In other words, you can own and operate a business and do not have to file a totally separate tax return for the…