Form 1099-B is a tax form issued by brokers or barter exchanges to both the IRS and the taxpayer. It provides details about ...

When tax season rolls around, one of the most common documents taxpayers receive is Form 1099-INT. This form, issued by banks ...

For non-employees, companies should report the value of benefits using Form 1099-MISC or Schedule K-1. Understanding IRS Publication 15-B: Employer's Tax Guide to Fringe Benefits IRS publication ...

Form 1099-NEC is used to report nonemployee compensation ... as they are not W-2 employees of the business. Copy A (IRS) and Copy B (payee) must be sent by January 31 of the year following the tax ...

You might receive this document if you have freelance work, investment income, retirement distributions or other financial transactions.

Claims and filings that are determined to be frivolous can result in penalties of $5,000 for each copy that claims an ...

The 1040 tax form is the form taxpayers use for filing federal taxes. It's also a form that plenty of people have trouble filling out or understanding. In fact, back in 2018, Form 1040 received ...

More than 30 million taxpayers across the country are eligible to file their federal tax returns completely free-of-charge ...

Dubbed the “overstated withholding scam,” the scheme circulating on social media encourages people to fill out their W-2 form, Wage and Tax ... 1099-R, 1099-NEC, 1099-DIV, 1099-OID and 1099-B ...

TaxBandits now supports Form 8027 e-filing, enabling businesses to report tip income efficiently with accurate allocations, bulk filing, AI ...

If you fail to include important income documentation forms with your tax return, the likelihood of an audit from the IRS ...