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You receive a monetary gift as appreciation or a thank you for something you did.  Later, you receive a form […]

This is a common question.  You e-filed incorrect data through the IRS FIRE System.  Relax.  Others have as well.  I

The 1099-MISC has Copy A, B, C, 1 and 2. Copy A is sent to the IRS along with the

Pension plans generally come under the purview of tax exemptions because they are essentially meant for the employee’s future benefit.

Forms W-2 provide information to your employees, the SSA, the IRS, and state and local governments. Avoid making the following

Yes. Copy B of a 1099 form can be printed on plain paper with black ink.  The payer could hand-write

Not typically. Employees receive a W-2 form which shows the amount of wages paid to that employee as well as

No. 1099 forms used by payers to report payments made to a taxpayer (or recipient).  The most popular 1099 form

This is a common question and a good question. If you are paper filing Form 1097-BTC, 1098, 1099, 5498 or

Contract workers, or freelancers, are workers who are hired on a project-by-project basis.  The IRS 1099-MISC form is used by