Pronto Tax School

CTEC continuing education

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.

Change to Earned Income Credit Creates New Earning Opportunity for Tax Professionals

Recent changes to the Earned Income Credit have created new earning opportunities for tax professionals.