The IRS announced beginning, December 13, 2020, it will be masking sensitive data from business tax transcripts. This announcement provides 30 days for stakeholders to make changes.
Category Archives: Tax Laws
IRS and Small Business Week
Sharing information posted from Internal Revenue Service (IRS) for small businesses
Tax Form W-2 Versus 1099 Misc Box 7
A W-2 taxpayer pays 50% and the employer contributes 50% of the taxes. This detail has an impact on the taxpayer tax liability. I highly recommend reading the IRS governance on self-employment, gig economy, freelance, or other earned income
