Form 2553: Everything You Need to Know to Elect S-Corp Status
If you’re looking to reduce your self-employment tax liability and simplify your business’s tax structure, Form 2553 might be your […]
What Is Form 1099-R and How Does It Affect Your Taxes?
If you’ve received distributions from a retirement account, pension, or annuity, you’ll likely receive Form 1099-R from your plan administrator.
Form 1099-G: What It Is and How It Affects Your Taxes
If you’ve received government payments such as unemployment benefits, state tax refunds, or other government-issued funds, you might receive a
Understanding the 1099-SA Form: What You Need to Know
The 1099-SA form is a tax document used to report distributions from Health Savings Accounts (HSA), Archer Medical Savings Accounts
Understanding Form 1099-OID: Original Issue Discount and Tax Reporting
Investors who hold bonds, Treasury obligations, or other debt instruments may encounter Original Issue Discount (OID), a form of interest
What Is a 1099-S Form? A Comprehensive Guide to Tax Reporting
If you’ve sold real estate—whether a home, commercial building, or vacant land—you may receive Form 1099-S from a closing agent,
What Is a 1099-DIV Form and How Is It Used for Tax Filing?
Investors who earn dividends or capital gains distributions from stocks, mutual funds, or exchange-traded funds (ETFs) typically receive Form 1099-DIV
How to File 1099 Forms Online: A Complete Beginner’s Guide
The 1099 tax forms are essential for businesses and individuals who make certain types of payments during the year. Filing
Understanding Form 1099-K: What You Need to Know
Receiving payments through credit cards or third-party platforms is common for businesses and freelancers. The IRS tracks certain payment transactions
Understanding Form 1099-B: Reporting Investment Income to the IRS
When selling stocks, bonds, or other securities, your brokerage will likely send you Form 1099-B to report the proceeds from