You generally don’t need to include a 1099-MISC or 1099-NEC with your tax return. So why do people think you need to, and is there anything else to consider?
Form 1099-NEC will replace Form 1099-MISC for many taxpayers. It will first be used during the 2020 tax season.
Can you work from anywhere? Use this map to figure out which state is the best option.
These are the tax brackets and other cutoffs for tax year 2020. This applies to calendar year 2020 taxes filed in April 2021.
If you’ve ever screamed, “QuickBooks sucks,” you’re far from alone. Here’s a look at what’s wrong with QuickBooks and why everyone still uses it anyway.
If you use or have checked out QuickBooks self-employed, you’ve probably seen the taxes tab. It shows your annual profit, the taxes you’re projected to owe, your quarterly estimated tax payments, and even a Schedule C. Is that everything you need?
An amended return is redoing your taxes. You may need to amend your return if you realize you’ve made an error or if the IRS audits your tax return but their changes aren’t 100% correct either.
The problem: You want to start saving for retirement but need to build up an emergency fund. The solution: Use a Roth IRA as an emergency fund instead of a regular bank account.