What Is Form 1042? What is Form 1042 – It’s used to report a foreign person’s income if it is sourced in the U.S.… Read More September 22, 2020
What Is Form 1098-T? Form 1098-T is a tuition statement that college students generally get from their colleges around the time taxes are being… Read More September 21, 2020
What Is Form 1098-C? Form 1098-C – When you need to report contributions of airplanes, boats, and motor vehicles, the IRS requires you to… Read More September 21, 2020
1098 Forms What Is Form 1098? Interest from mortgage, qualified student loans, tuition statement, and donating vehicles to charities are all considered reportable transactions by the… Read More September 18, 2020
1099 Forms What Is Form 1099-NEC? If you are wondering which IRS form you need to file to report nonemployee compensation, it is Form 1099-NEC. This… 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
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-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