Expert Tax Guides, Articles, & FAQ’s

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…

The IRS Tax Form 1099-OID is used by taxpayers to report a certain type of interest from bonds issued at a price lesser than the value that one can redeem, upon maturation of the bond.…

The Internal Revenue Service makes use of both 1099-MISC and 1099-NEC to report the taxable payments that are made to the non-employees. The IRS tax Form 1099-MISC is used to report certain expenses that are…

Taxpayers currently paying off a student loan will get Form 1098-E from their lenders. The lenders will report how much interest the taxpayer pays annually. Student loan interest can be deductible on federal tax returns.…

Form 1099-INT is an IRS record that shows that an entity or person has paid interest to the taxpayer during the tax year. Individuals generally receive Form 1099- INT in their mail sometime in February.…

In January every year, retirees who receive retirement benefits from the previous calendar year will receive Form 1099-R. What is a 1099 R Form? This Form 1099-R helps report distributions from pension, retirement, annuities, and…

What is Form 1099-LTC? The term LTC stands for long-term care and accelerated death benefits. This IRS Form helps individual taxpayers to report their LTC benefits. The deadline to issue these tax Forms is January…

Students who have paid $600 or more as interest on their student loan during the tax year will get IRS Form 1098-E. Form 1098-T reports scholarships, tuition, grants, and other qualified educational expenses paid on…