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The Trusty Guide to Form 1041 for Estates and Trusts
Form 1041 is an IRS income tax form that is used to report and pay income taxes on behalf of a trust or estate. It…
The Right Way to Use Form 8962 to Claim the Premium Tax Credit
What is Form 8962? Form 8962 is an essential document for those who have received advance payments of the premium tax credit during the year…
Your Opportunity to Explore Education Credits from Form 8863
Form 8863 is an Internal Revenue Service form used to figure and claim education credits. These credits are based on qualified education expenses paid to…
That $10,200 Unemployment Tax Break Makes Me Wonder, “How much will I get back?”
What is the Unemployment Tax Break? The pandemic unemployment credit. The recent $1.9 trillion COVID-19 stimulus bill signed by President Joe Biden includes an Unemployment…
Know Before You File: The 1099 Reporting Requirements for Business Owners
The Internal Revenue Service (IRS) requires all businesses to report certain payment transactions on the Form 1099 series on their tax returns. The 1099 reporting…
The Ins and Outs of IRS Form 1099-MISC, the Income Catch-All Form
A comprehensive overview of the 1099-MISC form. Form 1099-MISC is a tax form used by the Internal Revenue Service (IRS) to report miscellaneous payments made…
Paypal, Square, Venmo, Etsy, and Other Third-Party Networks May Show up on Your 1099-K Tax Form
Purpose of the 1099-K Form The 1099-K form is a tax form used by the Internal Revenue Service (IRS) to track and report payment transactions…
The Real Estate Investor’s Savvy Guide to IRS Form 1099-S
Real estate investing has some real tax implications. This one is an eye opener! Form 1099-S is a document used to report certain real estate…
