Does Form 1099-HC Apply to Non-Massachusetts Residents?
Form 1099-HC Massachusetts is required for state residents to verify health insurance coverage under the individual mandate. If you live […]
November 20, 2024
What vehicles qualify for 1098-C reporting?
Form 1098-C, “Contributions of Motor Vehicles, Boats, and Airplanes”, is used by charitable organizations to report the donation of vehicles
What Is Considered a Large Food or Beverage Establishment Under Form 8027?
The IRS defines a large food or beverage establishment under Form 8027 based on employee count. Specifically, the business qualifies
How does the IRS match 1099 forms to individual tax returns?
The IRS uses a process called document matching to compare information reported on Form 1099 to the taxpayer’s individual income
Is Form 3922 Required If Stock Is Sold Immediately?
If you’re an employer, you may wonder: Do I still need to file Form 3922 if an employee sells their
Reporting Non-Cash Gambling Prizes on Form W-2G
Non-cash gambling prizes, such as cars, trips, or other valuable items, must be reported on Form W-2G (Certain Gambling Winnings)
Who Doesn’t Need a 1099-NEC?
Certain types of payments and recipients are exempt from receiving Form 1099-NEC (Nonemployee Compensation). In general, you don’t need to