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Are You Form 1099-MISC Compliant for 2019? If Not, The IRS Is Watching

Are You Form 1099-MISC Compliant for 2019? If Not, The IRS Is Watching

With the end of the year approaching, now is a good time to be sure you have everything you need to complete your year-end filing requirements. Key documents, such as the Form 1099-MISC, need to be submitted to the IRS and recipients by January 31, 2020.

Make the Most of the Child Tax Credit (and Credit for Other Dependents)

Make the Most of the Child Tax Credit (and Credit for Other Dependents)

Before the TCJA, the Child Tax Credit was $1,000 and phased out at lower limits. With the changes, more taxpayers may be eligible to benefit from the credit and its new counter-part: the Credit for Other Dependents.

From the Training Files: Insight from a 2019 Tax Intern

From the Training Files: Insight from a 2019 Tax Intern

After a year as an intern, and accepting a full-time staff accountant position with Ericksen Krentel beginning in January, Svitlana Baranivska reflected on what she learned as an intern – and why students should share her experience. 

It’s Giving Season! Do You Know How to Maximize Your Donations for Tax Purposes?

It’s Giving Season! Do You Know How to Maximize Your Donations for Tax Purposes?

The form and content of auditors’ reports will change substantively, effective for audits of financial statements for periods ending on or after December 15, 2020.

Are You Ready? Changes Coming to Form, Content of Auditor’s Reports

Are You Ready? Changes Coming to Form, Content of Auditor’s Reports

The form and content of auditors’ reports will change substantively, effective for audits of financial statements for periods ending on or after December 15, 2020.

Contractors: How Are You Doing With the New Revenue Recognition Standards?

Contractors: How Are You Doing With the New Revenue Recognition Standards?

Every couple of years, the Accounting Standards Board believes accountants and businesspeople are getting too comfortable and throw out a curveball to make CPAs and their clients a little uncomfortable for a while. That’s what the Financial Accounting Standards Board did in 2014 with ASC 606, Revenue for Contracts with Customers and did again at the end of 2017.