Tax Warrior Chronicles

Form 1099 Filers Face a Bumpy Ride

Posted on Wed, Dec 18, 2019

By: Eric R. Elmore

 

Recent tax code changes were supposed to make filing easier. Now the IRS is reviving Form 1099-NEC, Non-employee Compensation, which has been absent since 1982. It’s aimed at reducing confusion, but does it really? Here’s how and when this latest change may affect you.

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Opportunity Zone Must-Knows Before Year-End

Posted on Mon, Dec 16, 2019

By: Chris Catarino, CPA, MT

 

ALERT! The article below was written prior to Treasury’s release of the final Opportunity Zone regulations on December 19, 2019 and has not been updated to incorporate any items that may have changed. Stay tuned for more as The Tax Warriors pour through the 544 pages of new guidance, which you can access here. Happy Holidays from the IRS!

 

At Drucker & Scaccetti, December is always abuzz with tax planning as our clients’ annual tax pictures come into better focus and strategies can be designed and implemented to increase Santa's allocated budget. But in the Opportunity Zone (OZ) context, year-end is even more critical. Below are 3 things you need to know

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The Government Shutdown, Your Taxes & the IRS: What You Need to Know

Posted on Tue, Oct 01, 2013

The President and Congress are not playing well together in the sandbox.  As a result, we are at a stalemate, and in Washington-speak that means a government shutdown. The House Republicans are eager to get the President to sign a budget that includes a delay in the implementation of certain parts of the Affordable Care Act, aka, Obamacare.  But, the Senate Democrats and the President are not willing to sign a budget into law with the provision of delaying health care for millions of Americans. 

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2013 Tax Calendar – Deadlines for Filing and Payments

Posted on Tue, Feb 26, 2013

In the U.S., there is an annual countdown to April 15th—tax day—that is usually met with high anxiety and restlessness like no other day of the year. The general public gets so fixated on this date that we forget, or may not be aware, that tax-related deadlines occur all year round for both businesses and individuals.

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