https://www.irs.gov/pub/irs-pdf/p334.pdf
The above link will take you to the IRS guide for 2019 for Schedule C small business filers.
https://www.irs.gov/pub/irs-pdf/p334.pdf
The above link will take you to the IRS guide for 2019 for Schedule C small business filers.
Under new Sec. 62(a)(22), for tax years beginning in 2020, eligible individuals (those who do not itemize) may deduct up to $300 in qualified charitable cash contributions. Cash contributions are any contributions paid with “cash, check, electronic fund transfer, payroll deduction, etc.” (IRS Publication 526, Charitable Contributions).
If you have workers or helpers that you have paid more than $600.00 to this past year
you will need to issue them a 1099. Please call the office if you have questions.