What if the gambling winnings are offset by losses—can this be reflected on the W-2G?
No, gambling losses cannot be used to offset gambling winnings directly on Form W-2G. The form is strictly used to […]
November 27, 2024
Is Form 1095-B still relevant after the individual mandate penalty was reduced to $0 federally?
Yes, Form 1095-B is still relevant despite the federal individual mandate penalty being reduced to $0 starting in 2019 under
Does a transmitter control code expire?
Yes, a transmitter control code (TCC) issued by the IRS can expire, but it depends on the specific usage and
Does Form 8027 apply to food trucks, catering services, or delivery-only businesses?
Form 8027, the Employer’s Annual Information Return of Tip Income and Allocated Tips, typically does not apply to food trucks,