CJ Smith CPA

08/20/2026

Learn about the new $2,000 1099 threshold for small businesses and how it affects your accounting practices.

For years, businesses have been required to issue Form 1099-NEC to independent contractors and certain vendors once payments reached $600 during the year. Beginning with the 2026 tax year, that threshold has increased significantly to $2,000.While this change will reduce the number of 1099s many bus...

07/13/2026

Discover the IRS's new Tax Debt Help Tool designed to simplify resolving tax debt. Explore solutions to manage your tax debt effectively.

For many taxpayers, receiving an IRS notice about unpaid taxes can feel overwhelming. Fortunately, the IRS has recently introduced a new online resource designed to help individuals and businesses better understand their options when they cannot pay a tax balance in full.The IRS's new Tax Debt Help....

06/01/2026

Discover the new mobile app for managing "Trump Accounts" for children. Access features to track balances and manage contributions easily.

The U.S. Treasury Department recently announced the rollout of a new mobile app designed to help families access and manage “Trump accounts,” a new type of tax-advantaged savings account for eligible children.These accounts were created under the One Big Beautiful Bill Act and are available for ...

05/22/2026

🚨Indiana Tax Amnesty starts July 15!🚨
Indiana DOR is offering a limited-time amnesty (July 15–Sept. 9, 2026) to pay eligible past-due taxes (pre‑2024) with penalties, interest, and fees waived. You can check eligibility now and learn more on the Tax Amnesty 2026 webpage:
http://in.gov/dor/amnesty/