Articles

Form 1099-MISC: A comprehensive guide

Disclaimer This article is for informational purposes only and does not constitute legal or tax advice. Always consult with a tax professional for your specific circumstances. ...

Form 8919, Uncollected Social Security and Medicare Tax on Wages

Being a CPA since living memory, I've seen the accounting landscape undergo countless transformations. One thing that has remained constant, however, is the murky distinction between employee and independent contractor status, and the subsequent tax implications that come with it. Thankfully, the IRS has provided some clar...

Decoding Form 1095-B: A Closer Look At Health Coverage Reporting

Waiting to receive Form 1095-B to file your tax return? You don’t have to. You can get the information to fill in your tax return from other documents issued by your health coverage provider. This health insurance tax form ensures that you and your family members have access to health care. It was once mandatory to have ...

When Is the Best Time to File Taxes?

Like most people, you may wonder when is the best time to file taxes. The answer depends on your situation. Read on as we talk through some factors that can affect when you should file your taxes. We will also provide some tips about when is a good time to file taxes and why having the assistance of tax specialists like the ones at taxesforexpats...

Non-US Trusts Remain IRS Target

IRS compliance campaign In 2018, the IRS announced a compliance campaign with respect to information returns repo...

Letter from the IRS about Form 1099-NEC & Form 1096

What is form 1099-NEC (Nonemployee Compensation)? Beginning in the 2020 tax year, Form 1099-NEC is the Internal Revenue Service (IRS) form used by businesses to report payments made to ...