Tax Pro Plus
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Los Angeles, CA 90064
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- The 1099-MISC Filing Date Is Just Around the Corner - Are You Ready?
- If you engage the services of an individual (independent contractor) in your business, other than one who meets the definition of an employee, and you pay him or her $600 or more for the calendar year, then you are required to issue that person a Form 1099-MISC to avoid penalties and the prospect of losing the deduction for his or her labor and expenses in an audit. Payments to independent contractors are referred to as non-employee compensation (NEC).
- Last-Minute Tax Strategies
- Just a reminder that the last day you may make a tax-deductible purchase, pay a tax-deductible expense, take advantage of tax credits, or make tax-deductible charitable contributions for 2018 is Dec. 31.
- Want to Save Taxes on a Roth IRA Conversion?
- Have you thought about any last-minute actions for this year’s taxes? You might convert some or all of your traditional IRAs into a Roth IRA.
- Year-end Tax Planning Strategy - Annual Gifts
- Though the gifts are not tax-deductible, for the tax year 2018, you are able to give $15,000 each to as many people as you want, without having to pay any gift tax.
- Tax deadlines for filing 1099-Misc, 1099-DIV, 1099-INT and 1099-R.
- You should start preparing your 1099 processing as early as possible. Save our infographic for reference.