Support for Our Federal Employees in this Trying Time

A new day dawning for American Feds.

I live in the Washington DC area in Fredericksburg, Virginia. My husband was a Federal employee for 40 years, active duty military member, and a Reservist. He retired as a Captain in the Navy. Our kids grew up in a military and Federal employee family.

Two, of my husband and my, four children are Young Feds. Both work in agencies that are experiencing major reductions in force.

To help my community and our kids, I have created a Facebook Group that is open to anyone and everyone. It is called Moms Supporting Young Feds. You can visit it at this URL. Moms Supporting Young Feds | Facebook

Below if the introduction for this new page.

“Although this started out as a group to help kids who are Feds, it is apparent that more people need help. This group is open to all Feds that need help and Dads can join too. From the stories that have been shared privately with me I see that young Feds and older Feds need help and support. I have however found that right now Federal employees are scared to share their name and picture. So that is okay, you go ahead and post anonymously on this group. We support you. If that is too scary, email or DM me and I will post for you under my name. You can DM me via messenger. I am Nancy McCord. You can email me at nancymccord@outlook.com. This group is here to help and share the love and support we have for your service as a Federal employee to our country. Thank you for your service!”

If you know someone who is experiencing a reduction in force at their agency, please share this Facebook group. We have many insiders who will not use their names, but will be offering up information, job postings, and other help to those that are experiencing this difficult time first hand.

It is very hard to watch the changes that are happening now and soon to come in our Washington DC region. My post image is of a new dawn for our nation. Change is coming, but, we may have pain and trials getting there. Be Strong!

Reporting Payments to McCord Web Services for 2024

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For our clients that report payments to us on the 1099-NEC form, it is important that you review what you report this year.

All credit card payments you have made to us are reported by our credit card processor Paya to the IRS.

You should not report on your 1099-NEC any credit card payments. You should report only check, Zelle, and EFT bank transactions via BILL.com.

We have had a situation recently with the IRS for the year 2022 where clients reported on a 1099-NEC credit card payments to us and then these same payments were reported to the IRS by Paya. The IRS then received documentation of erroneously reported double income.

These problems are a hassle to resolve and we encourage any clients who will be doing a 1099-NEC for us for the year of 2024 to not include any credit card payments they have made to us as they are to reported via the 1099-K by Paya our credit card processor.

If you do report credit card income on your 2024 1099-NEC, we will ask you for a revision to prevent audit issues with the IRS for the year 2024.

Better yet, ask us before the year end to print out your 2024 customer ledger from our Accounting Software and we can show you the detail of what to report on your 1099-NEC and show which transactions will be reported by Paya on the 1099-K so double income reporting is not done to the IRS.

For more information on reporting of 1099-NEC and 1099-K we encourage you to read this article on why you should not report credit card payments on your 1099-NEC.

Read the article: Clarifications and Complexities of the New 1099-K Reporting Requirements