Blog Archives

4 Reasons NOT to Wait for Your K-1

Subchapter S corporations (“Sub S”), partnerships, limited liability companies (“LLC’s”) and estates and trusts issue form K-1s. This form documents the stockholders, partners, members or beneficiaries share of their profit or loss from the entity.  Don’t wait for this form


Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , ,

4 Easy Steps to File Your 2017 Forms 1099

    1) Determine who should receive Form 1099   Business owners need to determine who should receive a Form 1099.  The Form 1099 will be issued to independent contractors and other parties. The IRS has rules to determine who


Tagged with: , , , , , , , , , , , , , , ,

3 Proven Steps for Taxpayers to Survive Tax Season

  1)Be Prepared Ah yes, the Boy Scout Motto, “Be Prepared”.  It is very applicable to surviving tax season. How can you get prepared?  Start with completing your tax organizer.  We send these out to our clients in early January. 


Tagged with: , , , , , , , , , , , , , ,

How to File Your Form 1099’s and Avoid IRS Penalties

Determine Who Needs to Be Issued a 1099 A Form 1099 needs to be issued to any unincorporated business that you paid $600 or more.  An unincorporated business includes Limited Liability Companies (LLC’S), Partnerships and Sole Proprietors.   Additionally, a 1099


Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , ,

4 Easy Steps to Respond to an IRS Notice with a 1099 Mismatch

  It appears that there are more notices being issued to taxpayers regarding a potential mismatch with a 1099 that was filed. This increase in correspondence might be the result of taxpayers responding to Two Simple Questions Taxpayers Must Carefully


Tagged with: , , , , , , , , , , , , ,