Click here or above to watch the IRS video. The IRS is phasing out paper tax refund checks. Direct deposit is the safest and quickest way to receive your refund. It also: defends against fraud and improper payments. increases efficiency reduces cost enhances security Paper checks are more likely to be lost, stolen, altered, or delayed. [...]
QuickBooks can help you create 1099s, send them to your contractors, and e-file them with the IRS. Follow this step-by-step video to create 1099s for your business. You can either have QuickBooks auto-fill your forms, or manually fill them in yourself. Both options let you e-file with the IRS in the end. After you e-file with [...]
With QuickBooks Online Advanced, you can speed up your daily bookkeeping and save time by using batch invoicing. You can record multiple invoices at once, or make copies of one invoice to send to multiple customers. Start by selecting “New” from the menu, and choose “Batch Transactions” and then “Invoices.” Enter the customer information, or if [...]
You may be wondering what advance Child Tax Credit (ACTC) payments are. ACTC payments are early payments of 50 percent of the estimated amount of the Child Tax Credit that you would normally claim on your 2021 tax return. If you're eligible and the IRS has processed your 2019 or 2020 tax return, your advance payment [...]
This article was published by the IRS. Organizations that meet specified requirements under Section 501(c) of the Internal Revenue Code may qualify for tax-exempt status. These include charities, social welfare organizations, civic leagues, social clubs, labor organizations and business leagues. Most organizations are required to apply for recognition as tax-exempt. Here are some key things that [...]
