One of the big red flags with the IRS these days happens when you have independent contractors or subcontractors. If you do not properly prepare Form 1099s for them, the IRS may deny the deduction for amounts you pay them. … Continued
The IRS announced that the contribution limits for 401-K plans increased to at $19,000. For IRA accounts, the contribution limits increased to $6,000. For each of these, there are a “catch-up” provision that raises the contribution amounts by $6,000 for … Continued