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Forms 1099 are “information returns” that businesses are required to file annually with the IRS. The forms are used to report amounts a business paid out that should be reported by the recipients as income.
READ MORE... t has been a quiet year in terms of new tax legislation. The most recent major change took place last December, 2015, with the passage of the Protecting Americans from Tax Hikes Act of 2015 (PATH).
READ MORE... The IRS has made preventing identity theft and tax refund fraud a top priority. An important part of the agency’s fraud prevention program is its campaign to inform taxpayers about the many varieties of tax fraud and how they can keep from becoming victims...
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