1099 Forms 1099-MISC vs 1099-R: How to Choose the Right Form in 2025? Filing the wrong form can trigger IRS errors, delay refunds for your payees, and rack up penalties of up to Read More » July 10, 2025
1099 Forms 1099-INT vs 1099-MISC: Which Form Do You Need in 2025? We understand that filing taxes and sifting through the documents can be frustrating for many. But when it comes to Read More » July 10, 2025
Form 941 New Changes in Draft Form 941 for 2026 Filing Season The IRS has released a new draft of Form 941 for the 2026 filing season. A draft IRS form is an early version of Read More » July 3, 2025
Form 1099-MISC Reporting in 1099-MISC Box 3: Legal Settlements, Prizes & One-Off Payments Let’s break down 1099-MISC Box 3, which, frankly, is the IRS’s catch-all for those payments that don’t fit anywhere else. Read More » June 30, 2025
Form 1099-MISC Prepaid Rent Mismatch: Avoiding IRS Red Flags on 1099-MISC Box 1 A guide for payers on how to correctly report prepaid rent and stay compliant with IRS rules. Introduction The IRS Read More » June 25, 2025
Form 1099-MISC What Types of Rent Belong in 1099-MISC Box 1? Confused about what types of rent to file in 1099-MISC forms? Here’s an overview of types of rent that belong Read More » June 20, 2025
Enterprise Common 1098-T Filing Mistakes Educational Institutions Make and How to Avoid Them Universities are legally obligated to issue IRS Form 1098-T to enrolled students who have made financial transactions related to tuition Read More » June 8, 2025
5498 Forms What is Form 5498-SA? Contributions to HSA, MSA and MA MSA… Form 5498-SA is a report of contributions to Health Savings Accounts (HSAs), Archer MSAs, and Medical Advantage MSAs. Read More » June 1, 2025
1095 Forms Streamline 1095-B Filing Across Multiple States Without Losing Accuracy More than 33 million, individuals in the U.S. have some form of health insurance, with more people using private health Read More » May 27, 2025
Updates ‘One Big Beautiful Bill’ Passes House- Here’s What You Need to Know Bill H.R.1, the One Big Beautiful Bill Act, will now move on to the Senate. On Thursday, the U.S. House Read More » May 23, 2025
Casino Industry High Stakes of Tax Reporting: IRS Reporting Rules for Casinos The casino industry is booming. In 2024 alone, it hit a record $71.92 billion in gross revenue in the U.S. Read More » May 21, 2025
5498 Forms What Is Form 5498? Everything you need to know about IRA Contribution What is Form 5498, Individual Retirement Arrangements (IRA)? File 5498 for payments made in settlement of a reportable payment transaction. Read More » May 20, 2025