IRS Updates and IRS Forms Reporting Guidelines, Due Dates 2023

What Is Form 1042-S?

The IRS Form 1042-S deals with a foreign person’s U.S. source of income that is subject to withholdings. Who Should…

September 24, 2020

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.…

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…

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…

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…

September 18, 2020

1099 Forms

What Is Form W-2G?

Have you ever wondered how the IRS keeps track of gambling wins or payouts from high-stakes poker tournaments, and wants…

September 18, 2020

1099 Forms

What Is Form 1099-NEC?

Understand non-employee compensation reporting, the $600 threshold, and how to stay IRS-compliant when paying contractors. If you are wondering which…

September 17, 2020