CP256V Notice Author’s Comment: After looking at the draft versions for the 2021 Forms 1040, Schedule 2, and Schedule SE, we noticed that there is no line to report deferred Social Security taxes from the 2020 tax year. It appears that any self-employed taxpayer who deferred a portion of his or her SE taxes …
What’s New on the Federal W-4 Form for 2020? New decade, new W-4. The IRS has redesigned Form W-4, and here’s what you need to know. Employers know that every time they hire a new employee (and sometimes when an employee’s status changes) there are forms to complete. One of the first is the W-4 …
A firm that owns an apartment building gets bad news from the Tax Court. The property manager is an employee and not an independent contractor. His work on-site at the complex consists of leasing available units, collecting rents, doing maintenance and many other duties. He requires little to no supervision in his daily work. However, …
Short Blog: Bad News For Firm Using Onsite Property Manager Read More »