Employers may file new Form 7200, Advance Payment of Employer Credits Due to COVID-19 Coronavirus, to obtain advances of employment taxes that are refundable as a result of the new tax credits. What Is The New IRS 7200 Tax Form? The IRS issued a new form for employers to use to obtain advance payments of three tax credits that were created to help businesses… https://wwwtest.aatrix.com/news/2020/05/what-new-irs-7200-tax-form/
Find out everything you need to know about the new IRS 1099 NEC Form. Payroll departments need to know this new information on the New 1099 NEC Form. Why Did The IRS Make The New 1099 NEC Form? As you would expect this caused some confusion for many businesses. The reason there was an issue with 1099-MISC Box 7… https://wwwtest.aatrix.com/news/2020/05/why-did-irs-make-new-1099-nec-form/