NLATI News

Form 1099 – Mistakes that Can Cost You

Form 1099 – Mistakes that Can Cost You

Be On the Lookout for Your Form 1099s It's that time again! Time to send and receive your IRS Form 1099s. Every year the requirements are modified for Form 1099-MISC. When you are a recipient of a 1099-MISC form the IRS also gets a copy that is linked to...

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Tax Reform

Tax Reform

The President has signed the biggest tax reform law in over 30 years. These changes do not affect your 2017 tax return. When you file your 2018 tax returns — about a year from now — your tax return will look very different. And because most changes don’t happen until...

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Form 1099 – What is it? Do I Need to Send One?

Form 1099 – What is it? Do I Need to Send One?

Form 1099 Due Date Coming Soon! The new year is approaching, and 1099s are due once again. What is a 1099? Do you need to file them? Well, let's start with the initial question. What is a Form 1099? A Form-1099 is an informational return. It provides specific...

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Year-End Tax Strategies for Landlords

Year-End Tax Strategies for Landlords

Making Rentals Less Complex Uncertainties with our tax laws are causing many small businesses to take a closer look at their tax strategies. For those in the real estate and rental businesses, income tax returns have always been a bit complex. This year, more than...

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4 Tax Breaks Small Businesses Usually Miss

4 Tax Breaks Small Businesses Usually Miss

Don't Miss Out on These Small Business Tax Credits Taking advantage of tax breaks is a great way for small businesses to keep more of their profits. However, because the tax laws change frequently and can be quite confusing, many small business owners miss out on some...

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Are You Part of the Sharing Economy?

Are You Part of the Sharing Economy?

The Sharing Economy - What Is It? Ridesharing, apartment/home lending, peer-to-peer lending, reselling, coworking, talent-sharing… The sharing economy, has taken off in all sorts of ways.  Changes in how people operate have taken over.  The sharing economy allows...

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Year-End Tax Tips for the Small Business Owner

Year-End Tax Tips for the Small Business Owner

Look Ahead, Plan Now With changes in the tax code looming, taking full advantage of any deductions that remain for 2017 is crucial. Here are a few tax tips that you should be acting on before the end of the year as a small business owner: Get your books organized: To...

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Short Term Rentals

Short Term Rentals

Short-Term Rentals Income received for the rental of your home, a room in your home, or a vacation home, must generally be reported on your federal income tax return. Related expenses may have to be divided between rental and personal use. However, if the property...

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