Difference Between An Employee And An Independent Contractor When it comes down to a company appointing someone to perform a particular task, the best two options are usually Read More »
What Is Form W-2G? Form W-2G is used for certain gambling winnings and serves as a way to report financial winnings and federal income Read More »
What Is Form 5498? What is form 5498 – Individual Retirement Arrangements (IRA) file 5498 for payments made in settlement of a reportable payment Read More »
What Is Form 1099-NEC? This Form 1099-NEC is used to report non-employee compensation; it is a new form as of the tax year 2020. Read More »
What Is Form 1097-BTC? Issuers of certain tax credit bonds (or their agents) and recipients of Form 1097-BTC from the bond issuer or agent, Read More »
What Is Form 1099-OID? The IRS Form 1099-OID, or original issue discount, needs to be filed for multiple different reasons. The form keeps track Read More »
What Is Form 1099-S? What is Form 1099-S? It is used to report the sale or exchange of real estate transactions to the IRS. Know Read More »
What Is Form 1099-R? The Payment Settlement Entities (PSE) file a form 1099-R for payments made in settlement for a reportable payment transaction. These Read More »
What Is Form 1099-PATR? Form 1099-PATR – This form is used to report taxable distributions received from cooperatives. Cooperatives use this form to report Read More »
What Is Form 1099-K? Form 1099-K – This form is used to report merchant cards and third-party network payments. Payment Settlement Entities (PSE) use Read More »