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Tax form

What is the 1099-NEC tax form?

Beginning in the 2020 tax year, the IRS will require business taxpayers to report non-employee compensation on the new 1099-NEC form instead of the 1099-MISC form. Businesses will need to use this form if they have made payments totaling $!-->…

What is IRS Tax Form 1099?

IRS Form 1099 is a document businesses use to report taxable payments they have made to vendors and independent contractors for service, rent, and other items. Freelancers and independent contractors receive this form for work they did…

What is it and what should you do?

You may receive a tax form related to your Medicare coverage.Eligible Health Insurance Notice 1095-B should be kept for your records.This form contains important information but does not require any action on your part.It's early January…

What is a 1099-G tax form?

If you received a Form 1099-G this year from a government agency, you may need to report some of the information it contains on your tax return. The most common uses of 1099-G are to report:Unemployment benefitsstate or local income tax!-->…

What is a Schedule K-1 tax form?

The United States tax code allows certain types of entities to use indirect taxation. This effectively transfers the income tax from the entity that earns the income to those with a beneficial interest in it. Annex K-1 is the form that!-->…

Guide to 1040 Tax Forms | Taxes

If you dread the idea of ​​filling out your 1040 Income Tax Form and feel lost, you probably aren't alone. Tax Form 1040 got overhauled and revamped in 2018, designed to be shorter and hopefully less confusing. But after a few years it is…

When to issue a 1099 tax form

BROOKINGS, SD — A 1099 should be issued to anyone who was paid $600 or more by a farmer or rancher in 2017 who is not a full-time employee. “Farmers and ranchers regularly pay for the services of people who are not…

Reminder on your 2017 tax form

Tax season successfully opened on January 23, 2017. If you're one of the approximately 157 million taxpayers who will be filing a personal income tax return this year, here's your quick cheat sheet on which tax form to fill…

Which tax form to use?

Peter Cade / Getty ImagesFilling out a tax form is about as much fun as paying taxes to Uncle Sam. The complexity of the task intensifies as your tax life gets more complicated.This is why you should use the simplest tax return form…

Which tax form should I file?

We all like things to be simple. We gravitate towards words like easy, elementary, and effortless. It all seems so… simple. Taxes, on the other hand, can be complicated. And as taxpayers, we find it frustrating. So it would make sense…