Why would an Orchestra file Form 1042-S?
An orchestra files Form 1042-S when it makes payments to nonresident aliens (e.g., performers, conductors, or music licensors) for U.S. […]
March 18, 2025
How to Correct a Mistake on Form 592 After Submission
If you discover an error on California Form 592, you must file a corrected form to avoid penalties and ensure
How the IRS Matches 1099 Forms to Individual Tax Returns
The IRS uses an automated system to verify that taxpayers accurately report income listed on 1099 forms. This system, called
How to File 1099 Forms for Non-US Residents
If you hire non-US residents (foreign contractors), the 1099-NEC is usually NOT required unless the work is performed inside the
How the 1099 Reporting Process Has Evolved Over the Last Decade
The 1099 reporting process has undergone significant changes over the past decade, driven by technological advancements, shifts in government policy,
1099 Forms for Deceased Individuals: What Executors Need to Know
Handling tax matters for a deceased individual can be complex, and 1099 forms are often part of the process. Executors
The Future of 1099 Forms: Will Digital Tax Reporting Replace Paper Forms?
As tax compliance evolves, the shift from paper-based filing to digital reporting is accelerating. With the IRS implementing stricter e-filing
What is blockchain?
Blockchain is a decentralized digital ledger that records transactions securely, transparently, and permanently across multiple computers. Unlike traditional databases, which
Cryptocurrency & 1099s: Tax Reporting for Digital Assets
How Crypto Transactions Trigger Tax Forms Cryptocurrency transactions are now under tighter IRS scrutiny, and with the introduction of Form
Do Influencers and Content Creators Need to File 1099 Forms?
If you’re an influencer, content creator, or digital entrepreneur, you may be required to file 1099 forms to report your