Expert Tax Guides, Articles, & FAQ’s

The IRS instructs taxpayers to use Form 1098 to report the mortgage interest of $600 or more that they receive during their trade or business in the tax year. There are two primary purposes of…

Form 1099 is one of the most important of all IRS tax forms. It helps taxpayers prepare information return reports on different incomes generated by individuals outside their regular jobs.  Taxpayers should prepare and file…

1099-DIV is an IRS tax Form that banks and other financial institutions predominantly use to report the dividends, and other distributions paid to the IRS and the taxpayers. A common reason for receiving Form 1099-DIV…

The IRS Form 1099s are information return forms that the taxpayer users to report income such as interest paid from banks, dividends from brokerage accounts, money generated from freelance work, unemployment benefits, etc. The deadline…

The IRS tax Form 1099-MISC is used to report miscellaneous income such as rent, prizes, healthcare payments, awards, and payments to attorneys. Before the year 2020, this tax form was used to report non-employee compensation,…

Taxpayers can make use of the IRS Form 1099-SA to report the distributions made from a health savings account, Medicare Advantage medical savings account, and from Archer Medical Savings account. It is important that the…