Tax Updates Archives ⋆ Pronto Tax School

New IRS Form 1099-NEC

By Eric Rocky FleemanPosted on April 12, 2021April 12, 2021Posted in News, Pronto Tax Class Blog, Tax UpdatesTagged become a tax preparer, Become a tax preparer California, continuing eduction, CTEC continuing education, Form 1099-NEC, new irs forms, Tax Preparer Continuing Education

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.

Teachers Can Now Deduct COVID-19 Protective Items

By Eric Rocky FleemanPosted on March 16, 2021March 16, 2021Posted in Tax UpdatesTagged Cares Act, Educator Expenses

Educators can now deduct out-of-pocket expenses for COVID-19 protective items as an expansion of what can be deducted as Educator Expenses.

California Proposition 22 Passed

By Eric Rocky FleemanPosted on March 16, 2021March 16, 2021Posted in Ebook, News, Pronto Tax Class Blog, Tax UpdatesTagged 2020 tax updates, California Proposition 22, California tax education, CTEC CPE, new tax laws, tax updates

California Proposition 22 passed leading to new benefits for app-based drivers, including some guarantees. In this article we will be breaking down the new benefits that are now available to app-based workers operating as independent contractors.

Business Tax Verified Training Program

By Andy FryePosted on December 1, 2020December 1, 2020Posted in Tax UpdatesTagged Business Tax Verified Training Program

Dazzle Your Tax Clients with Good News!

By Eric Rocky FleemanPosted on November 26, 2020November 13, 2020Posted in Ebook, News, Online Tax Course, Pronto Tax Class Blog, Starting Your Own Tax Business, Tax Preparer Continuing Education, Tax Updates, Ways to Make Money as a Tax PreparerTagged become a tax preparer, career opportunities, charitable contribution adjustment, flexible careers, new $300 charitable contribution deduction, new adjustment for 2020, new tax preparers, work from home safely, work remotely

Dazzle your clients with good news! Congress has approved a new Charitable Contribution deduction. This deduction is available to those who provided cash gifts to legal 501C charitable organizations. The Charitable Contribution deduction is for up to $300.

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