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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).

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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.

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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.

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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.

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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.

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