In the past, the IRS only required electronic filing of 1099s if filing over 250 returns. They have reduced this amount to 10 returns and are combining all tax forms to get this number, including W-2's. Our office has obtained the Transmitter Control Code (TCC) and we are ready to assist all of our clients with this process.

Seems like a great time to reflect on some business pointers from some very wise people as we begin the new year. Always fun to ponder on where we have been, where we are, where we are going, how will we get there and who will be on the bus with us. Rarely, do I get out of the pounding surf long enough to think through these questions. Regardless, this line of thinking should drive the events of 2023 and beyond.

You wondered at the time whether it was a scam, right? And now you regularly see news reports about ERC scams. Employee retention credit scams, that is. And so, two questions. Did you get scammed? And if so, what should you do at this point? Fortunately, you can probably answer this question pretty easily.