tax tips Tag

Please be aware that your business is required to file the form 1099-NEC, Non-Employee Compensation, for each person, partnership, or LLC to whom you have paid $600 or more for...

If you employ household workers — which may include nannies, babysitters, housekeepers, cooks, gardeners, health care workers and other employees — it’s important to understand your tax obligations, commonly referred...

If money is held too long in a Section 529 college savings plan, there could be tax consequences. This article describes alternatives for savers who have overfunded their accounts. Oops, you...

There’s a common misconception that, after retirement, tax bills shrink, tax returns become simpler and tax planning is a thing of the past. That may be true for some, but...

ACTION REQUIRED! We strongly recommend all individual taxpayers apply for an IRS issued Identity Protection Personal Identification Number (IP PIN). This is an extra step to help prevent tax fraud....

Authored by the IRS, July 6, 2021 How Self-Employed Individuals and Household Employers Repay Deferred Social Security Tax The Coronavirus Aid, Relief, and Economic Security Act allowed self-employed individuals and household employers...

Authored by: W. Dale Westenskow, CPA, Haynie & Company Partner Is it time for a Roth Conversion? It looks like the wealthy are on track for a tax increase under President Joe...