Monthly Archives: January 2014

Home Mortgage Interest and Unmarried Couples

Article Highlights: • Home mortgage interest can generally be deducted only by a person who is legally obligated to pay the mortgage. • An exception to the preceding general rule applies for interest paid on a real estate mortgage when … Continue reading

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Did You Collect the Needed W-9s?

Article Highlights: • The IRS Form W-9 is used to obtain independent contractors’ tax ID numbers. • Tax ID numbers are required when filing 1099s. • 1099-MISCs must be issued to independent contractors that are paid $600 or more during … Continue reading

Posted in Accounting, Bookkeeping Tips, Tax | Leave a comment