1099-MISC Forms For Independent Contractors for 2016

As we begin 2017, you’re probably not thinking about taxes at all. This is a mistake as deadlines are approaching for issuing and filing 1099s to independent contractors.

What is a 1099 MISC?

Generally speaking, the IRS requires you to report certain payments you made during the year to independent contractors. The 1099-MISC form is …Continue reading 1099-MISC Forms For Independent Contractors for 2016

Innocent Spouses – Relief from Taxes

Historically, tax issues arising from bad marriages fell into the category of “better or worse” for marriages. The IRS granted no innocent spouse tax relief, but has changed its views.

When a marriage has problems, finances are almost always one of the elements that contribute to the strife. This can be …Continue reading Innocent Spouses – Relief from Taxes

Giving To Charities – Tax Deductions and Such

In the rush to get tax returns prepared and filed, many people absentmindedly forget to include deductions for contributions to charities. If you itemize deductions on your tax return, this can be an expensive omission.

Pursuant to relevant provisions of the tax code, you can take significant deductions if you donate …Continue reading Giving To Charities – Tax Deductions and Such

Automobile Tax Expenses

If you use a vehicle for conducting business, you can deduct certain automobile tax expenses from your tax bill. This is true even if you use the vehicle for personal and business needs.

The powers that be have historically written sections into the tax code promoting business activities. One of the traditional write-offs has always …Continue reading Automobile Tax Expenses