Staying compliant with IRS information reporting is one of the simplest ways to protect your business from last-minute scrambles, penalty notices, and avoidable rework. If you’re a payment processor, marketplace, or other payment settlement entity that
Every sale matters with Form 1099-B, no matter how small. This guide helps brokers and barter exchanges file correctly and avoid IRS penalties. Why Does Form 1099-B Have No Dollar Threshold? Form 1099-B has no minimum
Form 1099-A can look technical, but the core reporting steps are straightforward once you break them down. This guide walks through the Form 1099-A instructions so lenders, servicers, and other payers can report an acquisition or
Ever heard of Form 1099-S? If you’re in the real estate business, you would have. Like all IRS forms, filing this one correctly is non-negotiable. In this blog, we explain everything you need to know about
If a non U.S. person, such as a nonresident alien, foreign corporation, or foreign partnership was paid a U.S. sourced income, then that transaction has to be reported to the IRS using Form 1042-S. This form
What Is Form 1099-S? Form 1099-S is the IRS information return used for real-estate proceeds reporting. When a seller transfers real property, such as a home, condominium, co-op, parcel of land, or even standing timber. You
A financial institution or any business that cancels a borrower’s debt must report that cancellation to the IRS using Form 1099-C. This guide breaks down the filing process for you. You will learn when you must
“1099 thresholds” aren’t one-size-fits-all. This guide explains how the rules differ across the common forms, what payments do and don’t count, and what to watch for with recipient furnishing and state copies as you prepare 2026
Learn exactly how to request a 30-day filing extension for 2026—what you can file electronically via IRIS/FIRE, and what still requires paper filings. You’ll also find a checklist and a step-by-step guide to hit every deadline,
The 1099 series includes forms that are essentially IRS information returns used to report various types of payments (for example, Form 1099-NEC reports nonemployee compensation). Accurate corrections are crucial to avoid penalties, including the hefty $680
Did you earn any dividends from investments during the year? If your answer is yes and you pay dividends or fund distributions, you will have to file a Form 1099-DIV. The reporting form ensures that both
Form 1099-A is used by lenders to report when they acquire an interest in property that secures a debt, or when they have reason to know the secured property has been abandoned. Both lenders and borrowers