Husband And Wife Business

One of the advantages of operating your own business is hiring family members. However, the employment tax requirements for family employees may vary from those that apply to other employees. Click Below, to learn more about operating a husband and wife business. LEARN MORE NOW

1099 Filing Fines Increase

The IRS has become more strict with 1099 filings by assessing harsher penalties.  The penalties associated with missing the deadline or not filing 1099s can range from $30 to $100 per form, with a maximum fine of $500,000 per year.  If the IRS determines there is intentional disregard of the requirements, the penalty can reach…