The 1099 form is a series of documents the Internal Revenue Service (IRS) in the United States uses to report various types of income other than wages, salaries, and tips (which are reported using Form W-2). There are several types of 1099 forms, each designated for different types of income. Here are some common types:

With the rise of virtual currencies like Bitcoin and Ethereum, it's essential for individuals involved in virtual currency transactions...

Transfer pricing rules play a pivotal role in shaping the tax liabilities of multinational corporations (MNCs) by regulating the prices...

Restoring historic buildings not only preserves cultural heritage but can also offer significant financial benefits in the form of tax credits. The process for claiming tax credits for historic building restoration involves several steps, ensuring compliance with specific guidelines set forth by the Internal Revenue Service (IRS).

Earning income from intellectual property (IP) royalties, such as patents, trademarks, copyrights, or licenses, introduces specific tax...

Implementing an Employee Stock Ownership Plan (ESOP) can be a strategic move for business owners, fostering employee engagement and...

A "like-kind exchange," also known as a 1031 exchange, is a powerful tool in real estate investment that allows property owners to defer...

Filing your taxes efficiently and accurately is crucial for financial well-being and compliance with tax regulations. Whether you're a...

Proactive Steps to Optimize Your Tax Position