1099's & W2's are Due January 31st! If a business fails to issue a form by the 1099-NEC or 1099-MISC deadline, the penalty varies from $50 to $270 per form, depending on how long past the deadline the business issues the form. There is a $556,500 maximum in fines per year for small businesses.Jul 27, 2022 Each year, employers must provide their employees with W-2 forms, showing the wages and other money paid to the employer for the year and the taxes withheld from ...More

The time of year has come again, the kids are getting ready to go back to school, meaning fall is following not far behind. That being said, there are a few things you can do now to help yourself out come tax season. Minnesota has two programs-the K-12 education subtraction and the K-12 Education Credit.  These programs help families pay expenses related to their child’s kindergarten through 12th grade education. Both programs lower the tax you will pay and potentially increase your refund w...More

If you didn't get a chance to tune in on Saturday morning as we joined Todd Rooker on, Cover Your Assets, its not too late to listen.  Click the link below to hear all about the upcoming tax law changes, and how they will affect you. AM 1500 Saturday January 20th