by candy | Jun 23, 2023 | IRS, Taxes, Video Blogs
As an entrepreneur, you are required to report certain payments to the IRS made to vendors each year on Form 1099. To do so, you must ask them to submit a form W-9 Request for Taxpayer Identification Number and Certification. If you receive a notice from the IRS that...
by candy | May 19, 2023 | IRS
The Internal Revenue Service has released its annual “Dirty Dozen” list, highlighting the top twelve tax scams and schemes you should know about that target individuals, businesses, and tax professionals alike. I’ll explain the items on the list to help...
by candy | May 16, 2023 | Featured, IRS, News Letter
The IRS has recently released their 10-year strategic operating plan, which outlines their goals and objectives for the next decade. Let’s take a closer look at what the plan entails and what it means. The plan, which was developed by the IRS in collaboration with...
by candy | Mar 14, 2023 | IRS, News Letter
Are you an officer of a corporation and need to know what the IRS considers reasonable compensation? It is important to note that reasonable compensation doesn’t apply to partnerships or sole proprietorships because these individuals are not considered employees...
by candy | Jan 6, 2023 | IRS, Taxes
The IRS recently announced that taxpayers may notice a smaller tax refund beginning in 2023 compared to the last two years. This is primarily due to the lack of government financial support in 2022. In the previous years, citizens had been able to receive additional...
by candy | Dec 27, 2022 | IRS
If you are an advanced Child Tax Credit recipient, you most likely received a previously issued Letter 6419. The Internal Revenue Service mailed out letters to the recipients of the Advance Child Tax Credit as well as the third round of Economic Impact Payments that...
