IRS Form 8027 vs. Form 4070: What Restaurant Employees and Owners Need to Know
For restaurant owners and employees, tip reporting is essential for both tax compliance and avoiding penalties. Two key IRS forms […]
March 19, 2025
Breaking Down the W-2 Form: What Each Box Means for Your Taxes
The W-2 form is a crucial tax document that reports your annual earnings and the taxes withheld from your paycheck.
Understanding Form W-2G for Slot Machine Winnings
Form W-2G is an IRS tax form used to report gambling winnings, including those from slot machines, that meet certain
Paperwork Burden Reduction Act
As of 2024, a significant change has been introduced to the delivery requirements for Forms 1095-B and 1095-C. Employers are
How to File a 1099 for a Deceased Person or Business That Closed Mid-Year
If you need to file a 1099 for a deceased individual or a business that closed mid-year, you are still
State of Tennessee and IRS Form 1099-K Requirement
Tennessee requires businesses that file a 1099-K with the IRS to also submit a copy to the Tennessee Department of