What is Form 1099-K?Internal Revenue Service (IRS) Series 1099 forms help taxpayers report money received from various sources in addition to salary. Form 1099-K, "Merchant Card...
Posted by James Financial Services Inc on 11/25/2020
Form 1099-CAP from the IRS is one of the series of the 1099 forms available from Uncle Sam. They use this to report transactions and payments from nonemployee. Whenever there is a...
Posted by Abundant Wealth Planning LLC on 11/25/2020
Uncle Sam will send you one or more copies of the 1099-B Form if you sell bonds, stocks, and other securities via a broker. This form aims to record gains or losses arising from such...
Posted by Daniel P Vigilante CPA and Profit Consultants on 11/25/2020
Section 4261 of the IRC typically imposes a special 7.5% air tax on amounts paid for "taxable transportation" and certain segment-specific dollar taxes. However, certain...
Posted by Carmen Garcia on 11/25/2020
If you've made a mistake on your tax form, don't panic. There are processes and forms to remedy the situation.The worst thing that can happen with a mistake is interest and...
Posted by Don Bell Law on 11/25/2020
Anyone that uses funds from a medical saving account or health savings account like an Archer or Medicare MSA, with the firm that administers it must reflect this in Form 1099-SAThere...
Posted by Aurelia E Weems CPA on 11/25/2020
Direct payment bonds have always encouraged investment in infrastructure in times of economic uncertainty. Unlike traditional municipal bonds, interest on direct payment bonds is taxable,...
Posted by BEST FINANCIAL GROUP LTD on 11/25/2020
If your employer offers a 401 (k) plan, this can be one of the easiest and most effective ways to save for retirement. But while one of the main benefits of 401 (k) plans is that they...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 11/25/2020
There will be an increase in contribution limits for Health Savings Accounts in 2021. Self-only coverage will have an increase of $50, while family coverage will have an increase of...
Posted by Income Taxes and Bookkeeping LLC on 11/25/2020
