Form W-4 Employee’s Withholding Certificate Redesigned for 2020

Every employer must withhold (and later deposit) income tax from wages paid to each employee using the computational...

New Form 1099-NEC (Nonemployee Compensation) for 2020

Beginning with reporting for the 2020 tax year, nonemployee compensation (NEC) will be reported in box 1 of...

Crazy tax deductions: When they don’t – and do! – work

You're working on your tax return and discover that you are that close to shaving a few more dollars off...

Applying for a tax payment plan

Are you one of those folks who's worrying about how you'll pay your tax bill on July 15? If it's...

7 ways to pay your tax bill due July 15

We're into the home stretch of the coronavirus extended 2020 tax season. That means that millions of taxpayers (or...

White House stimulus letter is an official IRS tax document you need to save

Congress might be working on another round of COVID-19 economic relief payment (EIPs). I say might because although...