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IRS Forms 1099-MISC and 1099-NEC

Miscellaneous Income and Non-employee Compensation The IRS has made a significant change to one of their most used annual tax forms the Form 1099.  Beginning with tax year 2020, employers will use new Form 1099-NEC to report non-employee compensation and the Form 1099-MISC has been redesigned and revised for reporting other income. Redesigned Form 1099-MISC. […]

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Posted in: Employment Law, News

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IRS Provides New Refundable Payroll Tax Credits for Small Employers

The IRS has provided two new refundable payroll tax credits[1] for small and midsize employers, designed to immediately and fully reimburse them, for the cost of providing Coronavirus-related leave to their employees. This relief has been provided under the Families First Coronavirus Response Act (the Act), signed by President Trump on March 18, 2020. The […]

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Posted in: Employment Law, News

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IRS Extends Due Date for Filing Federal Income Tax Returns and Income Tax Payments to July 15

The Treasury Department and IRS are extending the due date for filing of Federal income tax returns and Federal income tax payments otherwise due on April 15, 2020. The new due date is July 15, 2020. The extended time to file is a result of the ongoing Coronavirus (COVID-19) emergency. The extension is automatic and […]

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Obtaining Copies of Exemption Determination Letter from IRS

Do you have questions about the exemption of your church or nonprofit organization? Wondering if your organization’s exemption is still valid? Have you lost (or can no longer find 😊) your federal income tax exemption determination letter? Have you been able to confirm that your organization is, in fact, exempt from income tax but need […]

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