How to Make a Qualified Charitable Distribution

Money from a traditional individual retirement account (IRA) can be donated to charity as non-taxable income. This is accomplished by making a Qualified Charitable Distribution (QCD). Under most circumstances a distribution from a traditional IRA is taxable, since the...

Filing Deadline for Form W-2, W-3 & 1099-Misc

Since the “Protecting Americans from Tax Hikes” act in 2015, employers must file their copy of Forms W-2 & W-3 with the Social Security Administration by January 31. Form 1099-MISC, reporting of non-employee compensation, also must be filed with the IRS by this...

Who Needs a 1099?

Who Needs A 1099? November 27, 2019 by Ben Ronco Below is a chart to help you decide whether or not you need to provide a 1099-MISC for someone you conduct business with. The 1099-MISC form is used by the Internal Revenue Service as a tax return document for...

Four Tax Errors Small Businesses Should Avoid

Small business owners may think doing their taxes is just another task to cross off their to-do list. However, speeding through taxes could leave you open to mistakes when filing taxes. Failing to comply with tax laws, violating tax codes, or filling out...

Windows 7 Support Ends

Effective January 14, 2020 Microsoft will no longer support or update Windows 7. As time goes on this will mean new security threats will not be mitigated by windows security. Microsoft recommends upgrading to windows 10 to avoid these risks....