Expert Tax Guides, Articles, & FAQ’s

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…

The IRS tax Form 1099 is also referred to as Information Returns from the IRS, and it should be sent by the organization to the independent contractor if they are paid more than $600 as…