Does Form 1099-HC apply to non-Massachusetts residents who work in Massachusetts?
The short answer is no. Form 1099-HC applies to Massachusetts residents only and is used to verify their health insurance coverage […]
November 20, 2024
What vehicles qualify for 1098-C reporting?
Form 1098-C, “Contributions of Motor Vehicles, Boats, and Airplanes”, is used by charitable organizations to report the donation of vehicles
What is considered a “large food or beverage establishment” under Form 8027 rules?
A “large food or beverage establishment” under the rules for Form 8027 is defined based on the number of employees
How does the IRS match 1099 forms to individual tax returns?
The IRS uses a process called document matching to compare information reported on Form 1099 to the taxpayer’s individual income
Is Form 3922 required if the employee sells the stock immediately?
Yes, Form 3922 (Transfer of Stock Acquired Through an Employee Stock Purchase Plan Under Section 423(c)) is required to be
How should non-cash gambling prizes (such as cars or trips) be reported on Form W-2G?
Non-cash gambling prizes, such as cars, trips, or other items, must be reported on Form W-2G (Certain Gambling Winnings) based
Who doesn’t need a 1099-NEC?
Certain types of payments and recipients are exempt from receiving a Form 1099-NEC (Nonemployee Compensation). Here’s a breakdown of who