Written by Eamonn McElroy, CPA, Atlanta Published December 19, 2021 Background IRS Form W-9 is an informational form. It is not filed with the IRS, rather it is used to provide a US taxpayer’s tax identification number to a requester. If a payor has paid $600 or more in cash, check and/or e-check/EFT to a […]
How To Guides: Correctly completing an IRS Form W-9 with examples Read More »
Written by Eamonn McElroy, CPA, Atlanta Originally published November 29, 2021; Last updated May 18, 2022 Background The CARES Act of 2020 contains a provision that allowed many individuals with self-employment income during the 2020 tax year to elect to defer part of that self-employment tax over two years. The first half of the deferral
Written by Eamonn McElroy, CPA, Atlanta Originally published September 25, 2021; Last updated May 18, 2022 Background Many individual taxpayers are required to make quarterly estimates of their tax liability to avoid underpayment penalties. Traditionally, these payments are made by mailing a check or money order with a voucher. However, for those taxpayers who don’t
How To Guides: Pay Your 1040 Quarterly Estimate online using IRS Direct Pay Read More »
