What do I do if I don’t receive a 1099-MISC?

Filing a 1099 is the responsibility of the payer, not you the recipient. You will not be penalized if the company who pays you doesn’t file a 1099 to report the payments. That’s their problem – not yours. Your responsibility is to declare all of the...

Meals & Entertainment After Tax Reform

Tax reform has had a significant impact on the tax deductions you can now claim for business entertainment and meals. The chart below shows you how the Tax Cuts and Jobs Act treats 12 meal and/or entertainment events. Amount Deductible for Tax Year 2018 Description  ...