Felipe Wityk Sanchez

With the 2026 filing season quickly approaching, the Internal Revenue Service is urging taxpayers to take a few simple steps now to prepare for filing their 2025 federal income tax returns. One of the most important steps taxpayers can take is to access their IRS Individual Online Account . IRS Individual Online Accounts are available 24/7, to view account information, make payments, manage communication preferences and protect tax information. Another very important aspect to consider is...

6 IRS changes

When paying your workers, it’s crucial to understand the difference between Form W-2 and Form 1099 , not just to stay compliant with the IRS but also to maximize your tax deductions and avoid penalties. (w-2 vs 1099) What is Form W-2? Form W-2 is used to report the income of an employee. If you control what the worker does, when and how they do it, they are likely an employee, not a contractor. Key Features: Applies to employees The employer withholds federal, Social Security, and Medicare...