The new Form 1099-NEC and the revised 1099-MISC

NONEMPLOYEE COMPENSATION THROUGH 1099 FORMS There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to most recipients by Feb. 1, 2021. After sending the…

IRS Update: Payroll Tax Deferral

On Aug. 8, 2020, President Trump issued a Presidential Memorandum to defer the withholding, deposit, and payment of certain payroll tax obligations.  The Memorandum directed the Secretary of the Treasury to defer the withholding on wages for…

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