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The IRS recently notified lenders that they should not file “cancellation-of-debt” information returns or furnish payee statements to borrowers. Section 6050P of the Internal Revenue Code generally requires that a lender who forgives $600 or more of a borrower’s indebtedness to file “Form 1099-C, Cancellation of Debt.”
Enjoy our newsletter!
We are pleased to announce the promotions of Kimberly McLaughlin to Supervisor, and Christine Chrysafidis and Joseph Payne both to Senior.
The rules have been set and the New Hampshire Department of Revenue Administration (NHDRA) is helping taxpayers understand the tax implications.
New Hampshire is demanding that Massachusetts cease collecting state income tax on Granite State residents who, since the pandemic, have been working remotely from their homes for Massachusetts companies. The State of New Hampshire does not impose a personal income tax on its citizens.
Taxpayers can now submit amended tax returns (Form 1040-X) electronically.
We are delighted to announce the promotion of Certified Public Accountant Brieanna Pettengill to Manager.
We are pleased to announce the promotion of Certified Public Accountant Ryan Maran to Manager.
The CARES Act provides relief to people under age 59 ½ that are impacted negatively by the pandemic. This relief includes coronavirus-virus related distributions and emergency withdrawals of up to $100,000 from one or multiple retirement account(s).
Starting an internship is never easy. Between the nervousness, anxiety, and excitement, it’s difficult to know what to expect when walking into your first day. However, starting an internship during a global pandemic delivers an entirely different kind of nerve-wracking experience.
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603-749-2700
N. Conway
603-356-6358
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