1099-NEC, Nonemployee Compensation

1099-NEC, Nonemployee Compensation

1099-NEC = NEW FORM Form 1099-NEC is used by payers to report payments of $600 or more made in the course of a trade or business to others for services. Prior to 2020, these payments were reported in box 7 on Form 1099-MISC. Payers must provide a copy of 1099-NEC to...
Did You Notice?

Did You Notice?

DID YOU NOTICE? For all of our pro-online users, we’ve added a little surprise. If you already noticed what were about to share prior to this post, get yourself a cookie   Wait? Notice What?   As a refresher… In the past, the platform has always...

Side By Side Comparison – Bank Matrix

BANK MATRIX – Program Comparison Keeping track of what each bank is offering what is quite a challenge. Well, it would be if … you didn’t have an awesome Matrix for easy side by side comparison. Little Caveat: This matrix is our best attempt to...
E-file Shutdown Date – 11/21/2020

E-file Shutdown Date – 11/21/2020

IRS Quick Alert: Cutover 1040 Modernized e-File (MeF) Production Shutdown and Cutover The IRS announced that E-file will “shutdown” will begin on Saturday, November 21, 2020, at 11:59 p.m. Eastern time, in order to prepare the system for the upcoming Tax...
E-FILE 1040X – Desktop Update

E-FILE 1040X – Desktop Update

Desktop: E-file Amended Returns We have released a 1040 update today for the Desktop / Dashboard programs. After installing it, you will be able to e-file amended returns. Click here to download a short “how to” guide with instructions & screenshots....
E-FILE 1040X – Desktop Update

Pro-Online | E-file 1040X / Amended Return

E-file 1040X | Pro-Online This is kind of a big deal! If you weren’t aware, the IRS announced early this summer they were going to support e-file for 1040X. The Software has been updated by the Rockstar development team to support this new capability. Below are...