What is the difference between Form 1099-MISC and Form 1099-NEC?
Form 1099-MISC and Form 1099-NEC are both IRS forms used to report income paid to individuals or businesses other than […]
Does everyone who files a 1042-S have to file a 1042 as well?
Yes, anyone who is required to file a 1042-S form generally also needs to file Form 1042. Here’s how they
What is a qualified intermediary for a 1042-S form?
A qualified intermediary (QI) for a 1042-S form is an intermediary, usually a foreign financial institution, that has entered into
1042-S Scenario: Casino and Foreign Winner’s Gambling Winnings
Here’s how IRS Form 1042-S might apply to scenarios involving a casino which may need to report U.S.-source income payments
1042-S Scenario: Book Publisher and Foreign Author Royalties
Here’s how IRS Form 1042-S might apply to scenarios involving a book publisher which may need to report U.S.-source income
How can I get refund from the total withholding credit on Form 1042-S?
To get a refund from the total withholding credit on Form 1042-S, follow these steps: 1. Complete Your U.S. Tax
IRS Form 1095-C : Boxes 14, 15 and 16
IRS Form 1095-C is used by applicable large employers (ALEs) to report information about health insurance coverage offered to their
What is the release date for IRS Form 1099-DA?
The IRS has not yet formally announced the release date for Form 1099-DA or when reporting will officially begin, but
IRS Form 1099-DA: Digital Assets
IRS Form 1099-DA, also known as the Digital Assets form, is a relatively new addition to the series of 1099
What is the difference between IRS Form 1042 and 1042-S?
Forms 1042 and 1042-S are both related to tax reporting for payments made to foreign persons, but they serve different
