A large portion of college students have decided to take a break until this pandemic is under control. Accounting students should train to work as tax preparers to get hands-on experience.
COVID-19 has permanently changed the U.S. economy. People have been forced to learn to live differently out of necessity. “We’re recovering, but to a different economy,” was recently expressed by U.S. Federal Reserve Chairman Jerome Powell. So, what has changed?
The Achieving a Better Life Experience (ABLE) Act of 2014 is legislation that allows states to create tax-advantaged savings programs for eligible people with disabilities called ABLE Accounts.
There is a new IRS form meant for business taxpayers to utilize when they pay or receive nonemployee compensation. The 1099-NEC is being reinstated for tax year 2020 and beyond. The “NEC,” stands for Non Employee Compensation.
Recently California residents and guests desperately need economic assistance. Now there is a new California EITC for non-citizens.