This article was published by the IRS. The Internal Revenue Service is urging employers to be aware of the January deadline to file Forms W-2 and other wage statements. Filing these documents timely helps employers avoid penalties and helps the IRS in fraud prevention. A 2015 law made it a permanent requirement that employers file copies [...]
A Massachusetts tax professional can help prepare your taxes or represent you in an appeal or collection case. So, how do you find the right tax professional for you? You can do so through one of these professional member organizations: the Massachusetts Society of Enrolled Agents (whose tax practitioners are licensed by the Department of Treasury [...]
This article was published by the IRS. By law, business taxpayers who pay nonemployee compensation of $600 or more must report these payments to the IRS. They do this using Form 1099-NEC, Nonemployee Compensation. Generally, payers must file Form 1099-NEC by January 31. For 2021 tax returns, there is no automatic 30-day extension to file Form [...]
This article was published by the IRS. The Internal Revenue Service is reminding employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax obligation that a payment is due on January 3, 2022. Most affected employers and self-employed individuals received reminder billing notices from the IRS. The agency noted, however, [...]
This article was published by the IRS. During National Small Business Week, the Internal Revenue Service wants small business owners to know that information and resources to help them understand and meet their tax obligations are available free at IRS.gov. Small businesses play a pivotal role in our nation's economy. The IRS has a variety of [...]
