Employers may file new Form 7200, Advance Payment of Employer Credits Due to COVID-19 Coronavirus, to obtain advances of employment taxes that are refundable as a result of the new tax credits.
What Is The New IRS 7200 Tax Form?
The IRS issued a new form for employers to use to obtain advance payments of three tax credits that were created to help businesses… https://www.aatrix.com/news/2020/05/what-new-irs-7200-tax-form/
The 1099-G form is used by government agencies to report payments made to businesses or individuals to the Internal Revenue Service (IRS). This does not include wages. The most common use is to report unemployment compensation or tax refunds.
What Is And Who Receives The IRS Form 1099G
What Is Form 1099-G?
The 1099-G form is used by government agencies to report payments made to businesses or… https://www.aatrix.com/news/2020/05/what-and-who-receives-irs-form-1099g/
Find out everything you need to know about the new IRS 1099 NEC Form. Payroll departments need to know this new information on the New 1099 NEC Form.
Why Did The IRS Make The New 1099 NEC Form?
As you would expect this caused some confusion for many businesses.
The reason there was an issue with 1099-MISC Box 7… https://www.aatrix.com/news/2020/05/why-did-irs-make-new-1099-nec-form/