There are various situations in which someone must issue a 1099 form to another party, one of the most common being a vendor offering services to another company. In other words, any independent contractor that is not included on company payroll. Other situations include paying interest on a private loan or dividends paid to shareholders [...]

Many of you receive a child tax credit each year either as a reduction of taxes owed at the end of the year or as an increase in your refund amount. In 2021, there are several critical changes that have gone into effect that will impact both the way you receive this tax credit as [...]