Stay Ahead of Tax Law Changes: Learn about the One Big Beautiful Bill

Book A Meeting
Common Tax Forms Explained: W2, 1099MISC, and W9

Tax Form Essentials: W2, 1099MISC, W9 Explained

Filing Form W-2

The due date for filing 2018 Forms W-2 is January 31, 2019 whether you file electronically or using paper forms. You may request one 30-day extension to file Form W-2 by submitting a complete application on Form 8809, Application for Extension of Time To File Information Returns, including a detailed explanation of why you need additional time and signed under penalties of perjury. Note that the IRS will only grant the extension in extraordinary circumstances or catastrophe.

TIP: Get it done faster… E-File your Forms W-2 with the Social Security Administration (SSA).

What is Form 1099MISC?

Reporting payments to contract workers on Form 1099-MISC (box 7, non-employee compensation) must be provided to your contractors by January 31, 2019. When it comes to filing with the IRS, there are two deadlines. If filing by paper submit your 1099s by February 28, 2019. Electronically filed 1099s can be submitted by March 31, 2019 Be sure to report each payment in the proper box because the IRS uses this information to determine whether the recipient has properly reported the payment

NOTE: There is a penalty for late filing

The Molen & Associates Difference

Mike Forsyth

“Super helpful and timely. This is our first year with them and we look forward to trusting them with our taxes and business books for years to come.”

Caitlin Daulong

“Molen & Associates is amazing! They run an incredibly streamlined process, which makes filing taxes a breeze. So impressed with their attention to detail, organization, and swift execution every year. Cannot recommend them enough!”

Sy Sahrai

“I’ve been with Mr. Molen’s company for few years and I felt treated like family respect and dignity. They are caring, professional and honest, which hard to find these days. Love working with them.”

Tax Preparation for Law Enforcement Officers: Deductions and Credits You Shouldn’t Miss

Specialized Tax Support for Law Enforcement At Molen & Associates, we’ve been preparing tax returns for law enforcement professionals since 1980. From city police and sheriff’s deputies to state troopers and federal agents, we understand the unique financial...
Read More

Quarterly Estimated Taxes & Withholding Checkup: How to Avoid Penalties and Take Control of Your Cash Flow

When it comes to managing taxes, one of the most common struggles individuals and business owners face is knowing how much to pay and when. Waiting until April 15 to find out you owe thousands of dollars can be stressful — and costly. The good news? With some...
Read More

Franchise Tax in Texas: What It Is, Who Pays, and When

Understanding the Texas Franchise Tax Texas doesn’t impose a state income tax, but it does require many businesses to pay a franchise tax—a tax on the privilege of doing business in the state. It applies to most business entities, including corporations, LLCs, and...
Read More

Common Bookkeeping Mistakes Small Businesses Make (and How to Fix Them)

Why Bookkeeping Mistakes Small Businesses Matters Accurate bookkeeping is the backbone of every successful business. It keeps your financial data organized, supports your tax filings, and helps you make informed decisions. Yet many small business owners fall into the...
Read More

 Corporation Tax Preparation: A Step-by-Step Guide for Business Owners

What is a C Corporation? A C Corporation (C Corp) is a legal entity that is separate from its owners. It offers liability protection to shareholders and has a structured management system. Unlike other business entities, a C Corp is subject to corporate income tax and...
Read More

What’s the Difference Between a Bookkeeper and an Accountant?

Understanding Bookkeeping and Accounting For many business owners, the terms “bookkeeper” and “accountant” are used interchangeably. However, they represent two distinct roles in the financial health of your business. While both are essential, they serve different...
Read More

One Big Beautiful Bill: High-Income Phaseouts You Need to Know

The One Big Beautiful Bill (OBBB) delivers tax relief across many income levels, but for higher earners, some benefits phase out as income climbs. These phaseouts gradually reduce or eliminate valuable deductions and credits once your adjusted gross income (AGI)...
Read More

One Big Beautiful Bill: Clean Energy and “Green” Tax Credits You Can Use

The One Big Beautiful Bill (OBBB) didn’t just change income tax brackets and deductions—it also continued and expanded several clean energy and environmentally focused tax incentives. These credits reward taxpayers who make energy-efficient upgrades, invest in...
Read More

How the OBBB Tax Bill Could Save a Texas Family Thousands in 2025

(A Before & After Story) When the One Big Beautiful Bill (OBBB) passed, many families wondered what it might mean for their taxes in real life. Let’s walk through a fictional example that might sound a lot like someone you know — maybe even you. Meet Jake and...
Read More

How to Correctly Pay Yourself and Take Cash from Your Business

As a small business owner, one of the most common questions you might have is: “How should I pay myself?” The answer isn’t always straightforward because it depends heavily on your business structure and tax situation. Whether you're aiming to maximize tax deductions,...
Read More

Request an Appointment Today

1 + 2 =

Call us at

281-440-6279

Share This