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.
Up to 87% tax preparers are powerless to represent their clients when those clients need their tax pro most: in the event of an unpleasant IRS event.
All tax professionals must complete annual continuing professional education requirements. The different deadlines can vary. This post discusses the stresses that can come along with completing CPE credits and how to avoid that stress.