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Baer Tax Group, Inc, is open!

When visiting the Baer Tax Group, Inc.office, a face covering/mask is required.

We continue to encourage the use of our secure client portal for submission of documents and to receive your tax returns.

Our office hours are Monday to Friday from 8am to 4pm and the secure outside drop box is available for after hours drop off.

We appreciate your understanding and thank you for your business.

SBA Payroll Protection Program First Loan Information

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SBA Payroll Protection Program Second Loan Information

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Did you have your PPP Loan reduced by the EIDL Advance?

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Recent News- Payroll Protection Program Funds and Updates

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Need Assistance with your Payroll Protection Program Application or Forgiveness?

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Getting Ready to File Taxes in 2021

See These Tips from the IRS for Filing in 2021

New Form for Subcontractors- 1099 NEC( Nonemployee Compensation)

File Form 1099-NEC, Nonemployee Compensation (NEC), for each person in the course of your business to whom you have paid the following during the year:

This form replaces the 1099 MISC for Nonemployee compensation.

The 1099-NEC form should be used for the following:

At least $600 in:

Services performed by someone who is not your employee (including parts and materials) (box 1)

Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish (box 1)

Payments to an attorney (box 1).

The 1099-MISC form should be used for the following:

At least $10 in royalties (see the instructions for box 2) or broker payments in lieu of dividends or tax-exempt interest (see the instructions for box 8).

At least $600 in:

Rents (box 1);

Prizes and awards (box 3)

Other income payments (box 3)

Generally, the cash paid from a notional principal contract to an individual, partnership, or estate (box 3)

Any fishing boat proceeds (box 5)

Medical and health care payments (box 6)

Crop insurance proceeds (box 9)

Payments to an attorney (box 10) (see Payments to attorneys, later)

Section 409A deferrals (box 12)

Nonqualified deferred compensation (box 14)