The AMT is designed to ensure that everybody pays their fair share of taxes, but it doesn’t affect most households. Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. Stock Advisor list... Read more
These expenses may only be deducted, however, to the extent they exceed 10% (7.5 % for 65 and over) of a taxpayer's AGI. Accordingly, a taxpayer would only be entitled to deduct the amount by which these expenses exceed 10% of $100,000, or $10,000 wi... Read more
All tax situations are different and not everyone gets a refund. Fees apply if you have us file an amended return. The IRS allows taxpayers to amend returns from the previous three tax years to claim additional refunds to which they are entitled. Fee... Read more
Make sure to submit Form 4419 at least 30 days before the due date for submitting Form 1099-NEC. For more information about filling out Forms 1099, check out the IRS’s Instructions for Forms 1099-MISC and 1099-NEC. When you file a 1099 form, yo... Read more
Businesses should complete a Form 1099-NEC for any nonemployee person to whom the business paid $600 or more during the year. This includes fees, commissions, prizes, or awards for services completed by independent contractors, cash payments for fish... Read more
The IRS mailing address changes depending on where you live, so read the instructions on IRS Form 1040-ES to find out where to send it. Specifically, this deduction allows these contractors to reduce their qualified business income by up to 20%. For [...] Read more
If you’re filing Form 1098-T, 1099-A or 1099-G you can leave this box blank. However, if you’re filing any of the other relevant information returns, you’ll enter the number that corresponds to a particular box on that form accordin... Read more
To qualify, tax return must be paid for and filed during this period. Visit hrblock.com/halfoff to find the nearest participating office or to make an appointment.An S corporation has to adopt corporate bylaws, hold annual meetings, and keep minutes ... Read more
As we explained above, you can submit this form online or by mail — and you must do so by the 15th day of the third month following the date the tax year ended. Finally, the last section of Form 1065 that some of you will need to fill out is Schedule... Read more
Please note, if filing your 2019 tax return in 2020, your filing due dates may differ from other years. Please refer to this post for details. We’ll do one month of your bookkeeping and prepare a set of financial statements for you to keep. All... Read more
