Tips for Filing Form 1099-MISC and the new 1099-NEC
Previously, Form 1099-MISC was filed for each non-employee (independent contractor) to whom you have paid at least $600 (cash or check/ACH) for services performed for your business. This year, those payments will be reported on the new Form 1099-NEC.
IRS Update re: Tax Filing Deadline and Coronavirus
This is an update to earlier this week when only the payment deadline was moved. Now the filing deadline itself is moved to July 15th!
IRS Update re: Tax Payment Deadline and Coronavirus
If you owe a payment to the IRS, you can defer up to a million dollars as an individual. And the reason why we’re doing a million dollars is that covers lots of pass-throughs and small businesses, and $10 million to corporations, interest-free and penalty-free for 90 days.
Resources for Small Businesses and Entrepreneurs during the Coronavirus Outbreak
Keeping a list of resources going here from items I've mentioned on Instagram so you can easily grab whatever you need in one go.
IRS Update!!!
The IRS posted an update in response to recent storms in Tennessee.
The Annual Report
If your business is registered with the state (Corporations & LLCs), you are probably required to file what’s called an annual report with your state.