Kingsport CPA, PC

01/14/2021

New 1099 Form to file!

Businesses making payments of compensation to nonemployees in excess of $600 for 2020 will now report this compensation on Form 1099-NEC. In prior years this compensation was reported on Form 1099-MISC.

Forms 1099-NEC will be due to the Social Security Administration and recipients by February 1, 2021 due to the fact that the normal filing and transmittal date of January 31st falls on a weekend this year. Reporting and filing dates for Forms W-2 will be the same as for Forms 1099-NEC.

If we already provide bookkeeping services to your company, we are in the processing of preparing your forms to be distributed, and will notify you as soon as they are complete or if we need further information. If you provide the information to us to complete your Forms 1099 and have not already done so, please contact our office at 423-239-5700 as soon as possible and ask for Lisa. You may also email Lisa at [email protected].

12/16/2020

12/08/2020

We care about the safety of all our clients. Therefore, we are politely asking our clients to please consider rescheduling your appointment, drop off, or pickup if you have experienced cough, shortness of breath, difficulty breathing, sore throat, fever (temperature of 100.4 degrees or greater), chills, new loss of taste or smell, nausea, vomiting or diarrhea. If you experience symptoms of a mild cold and still need to come, please inform our staff so they can take special precautions to make the appointment, drop off, or pickup safe for everyone.

For more COVID-19 Information and Resources from TN Office of the Governor you may visit Office Building Guidelines (tn.gov) or Coronavirus Disease 2019 (COVID-19) | CDC.

04/26/2020

The IRS has fixed many of the glitches and updated the "Get My Payment" tool related to stimulus payments at irs.gov. It is the best place to turn if you have questions.

04/02/2020

Here is some useful information for small business emergency loans:

04/02/2020

New memo from Kingsport CPA: COVID-19 Relief

04/01/2020

COVID-19 stimulus payments are expected to be distributed within 3 weeks. If you are receiving Social Security benefits, you should still receive a payment even if you did not need to file a tax return for 2018 and 2019.

03/24/2020

Tax Day is now July 15. Contact us for all the details, rules and restrictions.

IR-2020-58, March 21, 2020 — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.

03/19/2020

Not sure how to remotely send us your tax documents? No problem! Simply go to our Customer Service page and click on the "Instant House Call" link and request a remote session. With your approval, we can access your accounting programs and transfer files easily. Contact us for more information.

Customer Services Our commitment to offering relevant services and overall value to you as a customer is an ongoing process. We know that your time is important to you, so we are constantly seeking to improve our processes in order to enhance communications and delivery methods. Accordingly, we have...

03/18/2020

Reminder: We offer remote tax preparation

We support social distancing and care about the comfort and safety of our staff and our clients. If you prefer, your tax preparation can be completed remotely by uploading your documents to our secure portal. You can also drop off your documents or send them to us by mail. Please contact our office at (423) 239-5700 to make arrangements or visit our website at

11/21/2019

Tis the season for year-end tax planning. If you have not done so, we recommend that you schedule a time with your accountant / tax advisor to discuss strategies to reduce income taxes, especially if your situation has changed or your income fluctuations significantly. For those who do not have an accountant, we provide initial consultations at no cost and no obligation.