In the past, the IRS only required electronic filing of 1099s if filing over 250 returns. They have reduced this amount to 10 returns and are combining all tax forms to get this number, including W-2's. Our office has obtained the Transmitter Control Code (TCC) and we are ready to assist all of our clients with this process.

The IRS has drastically changed the filing requirements for Form 1099s starting January 2024. The IRS originally required the forms to be electronically filed if filing over 250 information returns. Starting in January, the filing requirement will be 10 returns. This number would combine Forms W-2 and 1099s.

This week’s tax tip looks at how to check up on the thing that gives you heartburn, your taxes! This tip comes from the good old IRS which has established online accounts for those who wish to check their tax history, information, and more whenever they want.

The Internal Revenue Service just announced that they are increasing the mileage rate for the remainder of the year starting July 1st. Please see the changes in the below table and update your records accordingly.