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.
Educate yourself and your clients about IRS impersonation email scams. Fake IRS Email have become a problem. Learn to avoid Phishing Email.
Thanks to the CARES Act, folks can use FSA or HSA funds to buy over-the-counter medications like pain relievers, heartburn medications, etc.