Pronto Tax School

continuing eduction

New IRS Form 1099-NEC

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.

3 Emails Every CTEC Tax Preparer Should Be Sending Your Clients this Summer

Every summer tax preparers have a fantastic opportunity to solidify their relationship with their clients. Email them and say Thank you! Update them on any relevant tax law changes. Let your clients know you are there for them.

Can I Claim My Cousin as a Dependent on My Taxes?

In this blog we will talk about how you can claim a dependent. Specifically, how can I claim my cousin as a dependent? We’ll discuss the regulations that dictate how and when claiming your cousin is possible.