Ryan Casarez
This 1099-MISC deadline guide explains what to report, who must file, key dates, and practical steps to stay compliant. What the Form 1099-MISC is (and isn’t) The IRS uses information returns to track certain payments made in the course of business. The 1099 family includes several forms with different purposes. Use Form 1099-NEC to report … Read more
Form 1098, Mortgage Interest Statement, can feel technical, but it doesn’t have to be. This guide walks through what each box means, who must file the form, deadlines, and how homeowners can use the information at tax time. What is Form 1098 and why it matters Form 1098 reports mortgage interest and certain related amounts … Read more
If you pay independent contractors, freelancers, or other nonemployees for services, you may need to file Form 1099-NEC. This guide explains who must file, the exact due dates for 2026, how to file correctly, and what to do if you need more time. What is Form 1099-NEC? Form 1099-NEC reports nonemployee compensation. This is generally, … Read more
If your business makes payments to non-U.S. persons or entities, you may have obligations under U.S. tax rules to withhold and report those payments. This guide explains when 1042-S withholding applies, the default and reduced rates, what documentation you need, and how to stay compliant with reporting and deposit requirements. What is Form 1042-S and … Read more
Issuing accurate Forms W-2 on time is one of the most important year-end payroll tasks for employers. Errors or delays can trigger costly penalties and create headaches for both you and your employees. This guide explains how Form W-2 penalties work, what commonly causes them, and the practical steps you can take now to stay … Read more
The IRS has posted the 2026 W-2 draft and related instructions. These drafts are meant to solicit feedback and help employers prepare early. They also anticipate potential adjustments tied to broader tax legislation from the One Big Beautiful Bill Act (OBBA). Below, you’ll find an objective overview of what’s typical in W-2 drafts, how to … Read more
If you hire workers or get paid for services, understanding W-2 vs W-9 can save time, money, and potential penalties. These two IRS forms serve very different purposes, and choosing the right one starts with correctly identifying the working relationship: employee or independent contractor. At a glance W-2 vs W-9: What are they? What is … Read more
IRS Form 1099-INT, also known as the Interest Income form, is used to report interest payments made to individuals and businesses. Whether you’re an individual taxpayer, financial institution, or business owner, understanding how and when to use this tax form is crucial for complying with federal tax law. Overview What is Form 1099-INT? Form 1099-INT … Read more
The Form W-3 serves as a summary form for all the W-2s in a single filing. It ensures that the SSA receives accurate totals for employee wages and taxes. In this guide, we will help you answer the question: “What is a W-3 Form?” What is a W3 Form? The W-3 form, Transmittal of Wage … Read more
If you received dividend income in the past year—or if you’re a business or financial institution that paid it—you may need to deal with Form 1099 DIV. This important IRS tax form is used to report dividends and other distributions to taxpayers and the IRS. Understanding when and how to file it is crucial for … Read more