by Leif Jensen | Nov 29, 2023 | Running a Business |
If you did not collect new W-9 from vendor’s regularly, you should start collecting them now. A W-9 has all the relevant information to determine if you need to or not issue a 1099-M or 1099-Nec to your vendor. The IRS requires businesses to report payment of...
by Leif Jensen | Nov 27, 2023 | Taxes |
The IRS has issued Brokers guidance on how to comply with reporting rules on digital assets. A 2021 law requires brokers to report the sales price, tax basis and other information on digital asset trades. The rules were scheduled to first take effect for digital...
by Leif Jensen | Nov 20, 2023 | Rant |
Do you use a budget for your Thanksgiving meal? I know I don’t, I feel I would be afraid to gather all of the costs. I am sure I would be unpleasantly surprised. Each year, I start gathering ingredients early, especially those that are canned and difficult to locate,...
by Leif Jensen | Nov 15, 2023 | Taxes |
The Federal Income Tax from 1861 was repealed in 1872, the bills of the Civil War were paid. Alas, there were puritanicals that wanted to enforce their will and beliefs on others. They had disdain for those cultures that drank beer or wine, and hated those who...
by Leif Jensen | Nov 13, 2023 | Taxes |
At 4:30 a.m. on April 12, 1861, Confederate troops fired on Fort Sumter in South Carolina’s Charleston Harbor. Less than 34 hours later, Union forces surrendered. Thus, the Civil War began. So did the financial requirements to fund the Civil War. This prompted...
