IRS Form 8655 – Complete Guide to Reporting Agent Authorization
14 mins
Managing payroll taxes, filing returns, and staying compliant with IRS requirements can be time-consuming for businesses of…
14 mins
Electronic Funds Withdrawal (EFW): The IRS-Approved Way to Pay Federal Taxes Securely
12 mins
Electronic Funds Withdrawal (EFW) is one of the IRS’s official payment options that allows individual taxpayers and…
IRS Form 1099-PATR: A Complete Guide for Reporting Patronage Dividends
11 mins
Cooperatives play a unique role in the U.S. economy, offering members a share of profits through patronage…
Understanding EFTPS: How the IRS’s Free Payment System Works for Individuals and Businesses
16 mins
The Electronic Federal Tax Payment System (EFTPS) is a secure, user-friendly platform provided by the U.S. Department…
Form 1099-OID: A Complete Guide to Reporting Original Issue Discount Income
12 mins
In the world of fixed-income investing, understanding tax obligations is just as important as earning returns. One…
IRS Form 1099-LTC: Long-Term Care and Accelerated Death Benefits Explained
14 mins
Form 1099-LTC is an IRS tax document used to report payments made for long-term care services or…
Form 1099-C: Cancellation of Debt – A Complete Guide for Lenders and Recipients
12 mins
When a lender forgives or cancels a debt, the IRS may consider the canceled amount as taxable…
IRS Form 1099-A: A Complete Guide for Lenders and Borrowers
13 mins
In the world of lending and real estate, certain events—like foreclosures or abandoned properties—can have tax implications…
Form 1099-DA: A Complete Guide to Digital Asset Reporting for 2025 and Beyond
11 mins
As the digital asset economy continues to expand, the IRS is tightening its compliance framework to ensure…
Form 1099-K: A Complete Guide to Payment Card and Third-Party Network Transactions
12 mins
In today’s digital economy, payment transactions increasingly flow through third-party processors like PayPal, Stripe, Venmo, Square, and…