Information Returns

Is a 1099-MISC Monetary Gift Taxable Income? If you received a 1099-MISC for money that you thought was a gift, […]

Pension plans are designed to provide employees with financial security for the future. While employees contribute regularly and leave those

If you’re filing paper copies of Form 1097-BTC, 1098, 1099, 5498, or W-2G along with Form 1096, the mailing address

Why Information Return Due Dates and Time Extension Matter Businesses and organizations are required to file a variety of information

Mistakes on IRS 1099 information returns happen, but they can be corrected. The IRS provides two main correction processes depending

The IRS requires financial institutions to file Form 5498, Form 5498-ESA, and Form 5498-SA to report contributions, rollovers, and account

What Is IRS Form 1099-PATR? IRS Form 1099-PATR (Taxable Distributions Received from Cooperatives) is used by cooperatives to report patronage

What Is IRS Form 1096? IRS Form 1096 is a summary transmittal form that accompanies paper-filed information returns such as

What Is IRS Form 1097-BTC? IRS Form 1097-BTC is used by issuers of certain tax credit bonds to report tax

What Is IRS Form 1098-C? IRS Form 1098-C is used to report contributions of motor vehicles, boats, and airplanes valued

What Is IRS Form 1099-DIV? IRS Form 1099-DIV is used to report dividends, capital gains distributions, non-taxable distributions, and liquidation

What Is IRS Form 1099-INT? IRS Form 1099-INT is used to report interest income paid to individuals. Any organization that

What Is IRS Form 1099-S? IRS Form 1099-S is used to report gross proceeds from the sale or exchange of

IRS Form 3921 is a tax form used to report the exercise of an Incentive Stock Option (ISO). The IRS

What Is IRS Form 3922? IRS Form 3922 is used to report the Transfer of Stock Acquired Through an Employee

IRS Form W-2G is used to report certain gambling winnings. IRS Form W-2G starts with: Payer’s name, address, TIN, and

Financial institutions, government agencies, and educational lenders use IRS Form 1098-E to report student loan interest of $600 or more

IRS Form 1099-C is used to report Cancellation of Debt (COD). Lenders file this form to notify both the borrower

Most 1099 forms (such as 1099-INT, 1099-MISC, 1099-B, and 1099-S) must be sent to recipients by January 31. A few

Form W-2G is used to report gambling winnings.  W-2G is different from Forms 1098 and 1099 in that the 1099

Filing 1099 forms on paper is still allowed by the IRS, especially if you only need to submit a small

Can an employer legally take or share service tips from an employee?

Failing to file 1099 information returns can lead to IRS penalties, audits, and fines. Many businesses and freelancers overlook these

ependent contractors are commonly hired by LLCs due to long term cost savings and less oversight required.

A CP 2000 notice is issued by the IRS when they believe a federal income tax return shows either underreported

Form 1098-T is an IRS information return that colleges and universities issue to students. It includes the student’s name, taxpayer

Form 1098-E reports student loan interest paid during the year. If you paid interest on a qualified student loan, you