Preparing for W-2 and 1099 Season
W-2 filing season is around the corner. Are you prepared? The holidays are around the corner, and before you know it,…
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Nov 14, 2023
News
Tag: 1040
Jan 24, 2023
Reasons to Consider Extending Your Tax Return
Written by Drew Nicol, CPA Tax season is upon us once again. Many taxpayers have begun closing out year-end books and started gathering documents in…
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Mar 23, 2022
K-2/K-3 Filing Requirements
By: Cooper Melvin, JD, CPA Taxpayers owning an interest in certain partnerships or S corporations may have noticed additional information in the Schedule K-1 package…
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Mar 09, 2022
New Form 7203
By Cooper Melvin, JD, CPA The IRS recently released the final version of the new Form 7203 to better document S corporation stock basis in…
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Mar 09, 2022
How the Advance Child Tax Credit May Reduce Your Refund or Increase Your Amount Due
By Ashley G. White, JD, CPA For those of you who make up part of the millions of families who received up to half of…
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Feb 09, 2022
IRS Announces Transition Away from Use of Third-party Verification Involving Facial Recognition
In our Beyond the Bottom Line Newsletter dated January 12, 2022, we described the updated identity verification and sign-in process for several IRS online tools….
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Jun 29, 2021
Advance Child Tax Credit Update and Bipartisan Infrastructure
In the last Beyond the Bottom Line newsletter, BMSS briefly discussed the Advance Child Tax Credit under the American Rescue Plan enacted in March 2021….
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