Tax Blog
Tips to help you prepare for tax season
The latest tax tips and news from Neal Tax Service
Name, Image, and Likeness (NIL) Income for College Athletes [DOWNLOAD]
Name, Image, and Likeness (NIL) income, or income gained from personal brand influence, has opened opportunities for student-athletes in college athle
IRS Announces Penalty Relief for Nearly 5 Million Tax Returns
The IRS has announced new penalty relief totaling around $1 billion to approximately 4.7 million individuals, businesses, and tax-exempt organizations
IRS Updates Flurry of Clean Energy Provisions in Closing Days of 2023
The Internal Revenue Service updated and modified guidance surrounding an assortment of clean energy credits and other provisions over the closing day
2024 Important Dates
01/15 – 4th Quarter 2023 Estimated Tax Payment Due Date 01/15 – Deadline to turn in information for Daniel to prepare 1098s / 1099s 01/31 – Deadline for employers to file W2s with IRS and mail to employees 01/31 – Deadline for reporting contract workers 1099s and...
2024 Important Dates
01/15 – 4th Quarter 2023 Estimated Tax Payment Due Date 01/15 – Deadline to turn in information for Daniel to prepare 1098s / 1099s 01/31 – Deadline for employers to file W2s with IRS and mail to employees 01/31 – Deadline for reporting contract workers 1099s and...
IRS Delays 2023 Form 1099-K Threshold, Introduces $5,000 for 2024
In a recent announcement, the Internal Revenue Service (IRS) has decided to delay the implementation of the new $600 Form 1099-K reporting threshold f