It’s Almost Time to File 1099’s

December 11, 2017By Jamie Graham, CPA

Per the IRS guidelines, payments made in the ordinary course of a trade or business are required to be reported on Form 1099-MISC to report certain payments to reportable vendors. Examples of the types of payments reportable on Form 1099-MISC include: 1. at least $10 in royalties or broker payments in lieu of dividends or … Read More

2014 Tax Extenders (Federal)

January 20, 2015By Jamie Graham, CPA

On Tuesday, December 16th, the Senate passed H.R.5771 to extend several expired tax provisions. The extension is retroactive from January 1, 2014, through the end of the 2014 tax year with minimal changes to the prior tax provisions. Examples of extended provisions are as follows. Note that California does not conform to the same federal … Read More