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 » September 17, 2020
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 » September 16, 2020
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 » September 16, 2020
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. Read More » September 16, 2020
1099-R What Is Form 1099-R? The IRS has made it mandatory to report different types of retirement-related payments to be reported on Form 1099-R. This Read More » September 15, 2020
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 » September 15, 2020
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 » September 14, 2020
What Is Form 1099-INT? Form 1099-INT is used to report interest income. Payers of interest income use this form to report the amount paid Read More » September 14, 2020
What Is Form 1099-G? Form 1099-G – This form is used to report certain government payments. Federal, state, and local governments use this form Read More » September 11, 2020
1099 Forms What Is Form 1099-DIV? Form 1099-DIV is filed by banks and financial institutions to report dividends and other distributions to taxpayers. What is Form Read More » September 10, 2020
What Is Form 1099-C? Form 1099-C is used by lenders who canceled $600 or more of a debt owed to them in the same Read More » September 10, 2020
What Is Form 1099-B? Form 1099-B is used when reporting proceeds from barter and broker exchanges. The IRS mandates that you file a 1099-B. Read More » September 10, 2020