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|Posted on January 3, 2018 at 9:20 PM||comments (1)|
The PATH Act includes a requirement for employers to file their copies of Form W-2 and Form W-3 with the Social Security Administration by January 31. This deadline also applies to certain Forms 1099-MISC filed with the IRS to report non-employee compensation to independent contractors. Such payments are reported in box 7 of this form.
This deadline makes it easier for the IRS to verify income that individuals report on their tax returns and helps pr...Read Full Post »
|Posted on January 3, 2018 at 9:10 PM||comments (0)|
Not extended for 2017:
A few provisions expired at the end of 2016 and were not extended for 2017. They include:
Tuition and Fees Deduction – the deduction that was previously on line 34 is no longer available. A portion of qualified education expenses are still allowed as a credit through the American Opportunity Credit and the Lifetime Learning Credit.
Cancellation of ...Read Full Post »