by Accent452023 | Feb 7, 2019 | Business, Rental Property, Tax Reform
If you use independent contractors to perform services for your business or your rental that is a trade or business, for each individual whom you pay $600 or more for the year, you are required to issue the service provider and the IRS a Form 1099-MISC after the end...
by Accent452023 | Oct 4, 2018 | Business, Tax Planning, Tax Reform
As a result of tax reform, most taxpayers will be paying less tax for 2018 than they did in 2017. But that may not translate into a larger refund. Your refund is the amount that your pre-payments (withheld income tax, estimated tax payments, and certain credits)...
by Accent452023 | Sep 27, 2018 | Medical, Tax Central, Tax Reform, Taxes
The Affordable Care Act (Obamacare) included a “shared responsibility payment,” which in reality is a penalty for not having health insurance. Along with this penalty came a whole slew of exemptions from the penalty, including some that were designated as “hardship”...
