The countdown begins

The IRS will begin accepting returns on Tuesday, Jan. 20 – so tax preparers around the country are using this week to make sure they’re ready for the filing season. The IRS itself offers a whole section of its Web site to helping tax pros get ready, and in the same spirit, we’ve put together this quick…

Details

Tips to help you choose a tax preparer

Many people look for help from professionals when they file their federal income tax return. If you choose to use a tax return preparer, you’ll need to share your most personal information with them, including details about your marriage, income, children and social security numbers — the details of your financial life. Most tax return…

Details

What is Form 1099-MISC?:

Form 1099-MISC, Miscellaneous Income, is issued to a person if any of the following situations occur, when a trade or business or some other qualified organization pays: • If at least $10 in royalties or broker payments are paid to a person • At least $600 in: rents; services performed by someone who is not…

Details