In order to be prepared for this tax filing season, be on the lookout for letters from the IRS if you 1) received the third stimulus payment and/or 2) received advanced Child Tax Credit payments in 2021. The IRS will begin sending out Letter 6475 in late January. This letter applies to those who received […]
Archives for January 2022
Issuing Form 1099s
As we enter the new year, it is once again time for trade and businesses to issue Form 1099s. Payments totaling $600 or more (unless specified otherwise) in a year that you make in the course of a trade or business may require you to issue a Form 1099 to the payee. Below is a […]