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The Newsroom

Those Pesky 1099 Forms - A Survivors Guide

The New Year will be here before you know it, which means one big headache is right around the corner - those 1099 forms! Two years ago, the IRS backed up the filing deadline by an entire month to January 31st, which makes this task even more challenging.

To ease the inevitable stress, here are some helpful hints we call The 1099 Survivors Guide.

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IRS Issues Surprise Guidance on Meals

In a somewhat surprising announcement yesterday, the IRS gave the green light for deducting 50% of the cost of food and beverages provided during an entertainment activity.

Many commentators (including ourselves) had speculated that all costs associated with an entertainment activity would be nondeductible starting in 2018 as a result of the changes in the Tax Cuts & Jobs Act.

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