Compliance & Recordkeeping (11)
Recordkeeping, documentation, and staying ready for questions.
Recordkeeping: Audit-Proofing Your Schedule C
Essential documentation practices to support your tax return.
Read article →8 min read · reviewed Invalid DateTax Identity Theft: How to Protect Your Refund and What to Do If You're a Victim
Learn how to protect yourself from tax identity theft and refund fraud. Understand warning signs, IP PINs, what to do if someone files a return in your name, and how to resolve identity theft with the IRS.
Read article →6 min read · reviewed Invalid DateReconciling 1099s With Your Tax Return: A Step-by-Step Guide
How to match your 1099 forms to your tax return, including 1099-NEC, 1099-K, 1099-INT, 1099-DIV, and 1099-R. Learn what gets reported where and how to fix discrepancies.
Read article →6 min read · reviewed Invalid DateBusiness Expense Tracking for Tax Time: Best Practices
Guide to tracking business expenses throughout the year including separating business and personal finances, what expenses are deductible, recordkeeping requirements, and tools that simplify expense tracking.
Read article →7 min read · reviewed Invalid Date1099 Issuance Deadlines for Businesses: A Complete Guide
Business owner's guide to 1099 filing deadlines including 1099-NEC, 1099-K, 1099-MISC, and 1099-INT. Learn recipient deadlines, IRS copy deadlines, and penalty amounts.
Read article →6 min read · reviewed Invalid DateTax Documents Checklist: What You Need to File Your Return
Complete checklist of tax documents needed to file your return including W-2s, 1099s, deduction receipts, and records for common tax situations.
Read article →6 min read · reviewed Invalid DateCommon IRS Audit Triggers for Schedule C Filers
Understanding what draws IRS attention and how to prepare.
Read article →6 min read · reviewed Invalid DateWhat Is Preparer Due Diligence? EITC, the Child Tax Credit, and Head of Household
Tax preparers are required to ask questions, document answers, and decline unsupported claims before filing EITC, the Child Tax Credit, or head of household. Here is what the rules require and how they protect you.
Read article →6 min read · reviewed Invalid DateA Complete Guide to Form 1099-NEC for Nonemployee Compensation
Everything businesses need to know about Form 1099-NEC for reporting payments to independent contractors, including payment thresholds, required information, and filing procedures.
Read article →7 min read · reviewed Invalid DateUnderstanding Form 1099-K for Payment Processors and Businesses
Guide to Form 1099-K reporting for third-party payment settlements, including the new lower thresholds, what transactions are reported, and how to reconcile 1099-K with business records.
Read article →5 min read · reviewed Invalid DateWhy Tax Documentation Matters More Than Ever
Better records protect you in refund claims, IRS notices, and preparer disputes. A simple system for self-employed taxpayers.
Read article →Get Tax Tips by Email
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