IRS Form W-2G Gambling Winnings Guide: Complete Filing, Reporting, and Tax Rules
14 mins
Winning big at the casino, racetrack, lottery, or even a charity raffle can be thrilling. But when…
14 mins
Form 1099-SA: Complete Guide to Reporting HSA, MSA, and Medicare Advantage Distributions
15 mins
If you’ve ever withdrawn money from a Health Savings Account (HSA), Archer Medical Savings Account (MSA), or…
IRS Form 1099-QA: Complete Guide to Reporting ABLE Account Distributions
16 mins
For individuals with disabilities and their families, managing savings while maintaining eligibility for critical federal benefits can…
IRS Form 1099-Q: Complete Guide for Reporting Qualified Education Program Distributions
14 mins
Education savings accounts and 529 plans can be powerful tools for paying tuition and other qualified education…
IRS Form 8655 – Complete Guide to Reporting Agent Authorization
17 mins
Managing payroll taxes, filing returns, and staying compliant with IRS requirements can be time-consuming for businesses of…
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…