1099 / 1042-S

Q. Should "Student Crisis/Emergency" payments to students to help them cover unexpected expenses be… Read More

Q. Has it been confirmed that only IRIS will have to be used for the 2026 tax season for submitting… Read More

Q. A payee underwent a novation, resulting in both a name and a Taxpayer Identification Number… Read More

Q. Will the IRS 1099 reporting threshold change from $600 to $2,000, and how does this affect… Read More

Q. I need clarification on what reporting status of the LLC exempts them from getting a 1099 when… Read More

Q. I have a question regarding funds that are held in escrow by a title company on behalf of… Read More

Q. Considering the recent changes in Treasury regulations regarding cloud transactions and digital… Read More

The IRS letter ruling didn’t specify which tribe requested the ruling; the IRS simply referenced a “tribe.” The tribe held a powwow each year, at which it held dance and drum contests and… Read More

The 2026 versions of Form 1099-NEC and 1099-MISC include a new box for overtime pay. This would be for reporting overtime which qualifies for the recipient to take a tax deduction on their personal… Read More

Q. We paid a foreign vendor by credit card, but they won't provide a W-8 form. I'm preparing to… Read More