All Taxpayers Eligible for Identity Protection Personal Identification Numbers (IP PINs)

January 15, 2021

The IP PIN Opt-In program was launched nearly a decade ago to protect confirmed identity theft victims from ongoing tax-related fraud. Recently, the IRS expanded the program to specific states where taxpayers could voluntarily opt into the IP PIN program...

2020 Year-End Tax Planning for Individuals and Businesses

December 07, 2020

To Our Clients and Friends: 2020 has been quite a challenge, to say the least. The COVID-19 crisis brought massive unemployment, business closures, and an enormous amount of uncertainty. All of this has made 2020 seem like the year that never ends. In...

1099 Requirements for 2020

December 03, 2020

The purpose of this letter is to outline some of the important reporting requirements for both 1099s and W-2s that impact most businesses.   1099 Requirements for 2020 Beginning in 2020, the IRS added a new 1099-NEC form to report the Nonemployee...