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  • What's new for 1099 Fillings in 2019

    As we close the tax books on 2018, there are very minimal changes to 1099 reporting. The most significant changes apply to one type of dividend. The changes include:

    1.     199A dividends. These are defined as “a deduction for qualified business income from a qualified trade or business operated directly or through a pass-through entity.” HERE is a full description from the IRS.

    2.     For combined federal/state filing, code 50 (Vermont) has been removed.

    Publicaction 1220, from the IRS, is a comprehensive reference for filings. It can be found HERE.

    The MIMICS 1099 software update and training video are now available. Please contact us via the portal for assistance.