Self-employed left out of Trump payroll tax holiday…for now
Self-employed left out of Trump payroll tax holiday…for now

Being your own boss is a challenge even in good times. Now, with the COVID-19 pandemic disrupting your...

Bad tax preparers again make IRS’ Dirty Dozen scam list
Bad tax preparers again make IRS’ Dirty Dozen scam list

If tax it the time of coronavirus taught us anything, it's that tax professionals are indispensable. On the heels of...

It’s time for post-filing tax record keeping
It’s time for post-filing tax record keeping

It's been almost a week since Tax Day 2015. That's why today's Tax Form Tuesday is celebrating Form 1040. Actually,...

What a COVID-related payroll tax cut could mean to you now and your retirement later
What a COVID-related payroll tax cut could mean to you now and your retirement later

The White House has dropped its push for a payroll tax cut as part of the next round of COVID-19...

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