With all of the last-minute changes to the Tax Code – and those stimulus check reconciliations – it was clear that the Internal Revenue Service
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‘New’ Form 1099-NEC Targeted To Freelancers & Gig Workers
Last year, the Internal Revenue Service introduced a draft version of a form that we haven’t seen since 1982: Form 1099-NEC, Nonemployee Compensation. Form 1099-NEC
Read MoreAsk The Taxgirl: Kids, Income & Filing Taxes
Taxpayer asks: A not for profit hosted a competition in which my 11 yr old daughter won $500. In order to write her the check,
Read MoreHow Long Should You Keep Records After Tax Day?
You’d think that the day after Tax Day would be quiet – but it’s not. You see, once tax time has come and gone, taxpayers
Read MoreHow To Recover From 10 Common Tax Day Mistakes
Tax Day is almost over. While that means that most taxpayers are sitting back and enjoying the day, many may be scrambling to remedy last-minute
Read MoreThe Most Noteworthy Tax Changes Of 2011
We’re down to the wire! Tax season is nearly over for the 2011 tax year: just 15 days remain until Tax Day (remember that you
Read MoreTaxes From A To Z: Z Is For Zero
Z is for Zero. If you work a regular job – meaning that you’re not an independent contractor – you pay federal income tax as
Read MoreTaxes From A To Z: W Is For Wash Sale
W is for Wash Sale. “Just call it a wash.” How many times have you said that? If you’ve ever uttered those words, then you
Read MoreTaxes From A To Z: R Is For Refund
R is for Refund. With tax season down to the wire, more and more taxpayers are wondering about the status of their refunds. Your refund
Read MoreTaxes From A To Z: P Is For Penalty On Estimated Tax
P is for Penalty on Estimated Tax. If you receive payments or other funds without having any federal income taxes withheld, you should consider making
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