TAX PRO PLUS LA

W-2 or 1099-NEC: Which Form Should Your SMB Use for Which Workers?

Every business must file annual wage reports. But whether to use a W-2 or 1099-NEC depends on which earners are employees & which are independent contractors.

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Video: Annual Reminder to File Your Worker 1099s

This is our annual reminder for you to file worker 1099s if you use workers other than employees to perform services for your business.

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IRA Withdrawal Planning Can Save on Taxes

Advance planning can, in many cases, minimize or even avoid taxes on IRA distributions and other qualified plan distributions. When contemplating future retirement and when to begin tapping taxable IRA and other qualified retirement accounts, taxpayers need to consider a number of important issues.

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Didn't Get Your Economic Impact Payment? You Can Claim It on Your 2020 Return.

One of the more tax-troubling issues this year has been the distribution of what Congress referred to as the recovery rebates. You may know these payments as the Economic Impact Payments (EIPs) or stimulus payments, names that the IRS took the liberty of creating. These payments were meant to provide financial assistance to individuals and families struggling during the initial outbreak of the COVID-19 pandemic.

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Video: Gambling & Tax Gotchas

Gambling is a recreational activity enjoyed by many, but it also has far more tax issues than you might expect. Watch this video for a quick overview.

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