Frequently Asked Questions
Most taxpayers should keep their tax records for 7 years. See IRS guidelines here:
In most cases, Individual Income Tax Returns (Form 1040) are due on April 15th
Partnership (Form 1065) and S Corporation (1120S) tax returns are due March 15th
The IRS has created this calendar with up to date changes on due dates.
Not if you meet the qualifications for exclusion.
Yes. We feel that there are great benefits to having an account set up with the IRS.
Go to www.irs.gov/account to get set up.
Forms are due to the recipient by 1/31.
For Subcontractors – https://www.irs.gov/forms-pubs/about-form-1099-nec
For rent, prizes, and various other types of payments – https://www.irs.gov/forms-pubs/about-form-1099-misc