Each year, the Internal Revenue Service (IRS) sets standard mileage rates for business based on an annual study of fixed and variable costs of operating an automobile, including depreciation, insurance, repairs, tires, maintenance, gas and oil. Beginning on January 1, 2020, the standard mileage rates have changed.
As part two of our series on tax forms, this article explains the purpose of Form 1099-MISC, its filing requirements and upcoming changes for 2020.
When the IRS announced that it is again changing the 1040 Form, just six months after the release of the much talked about 1040 Form
Many taxpayers do not have all of the information necessary to prepare a complete and accurate tax return by April 15 and therefore need to
SJG Celebrates 25th Anniversary by Sharing the 25 Things That We Have Accomplished As we continue our quarter-century celebration, we would like to say thanks to all of you who have reached out to offer their congratulations. Twenty-five years of …
Although there are many types of information returns that businesses are required to file, the most common amongst our business clients is the Form 1099-MISC. The following summary describes basic rules to follow in order to file Form 1099-MISC for 2018.