Tools & Forms
How a 1099 Tax Calculator Adds Up to Big Savings for Contractors and Self-Employed Individuals
What is a 1099 Tax Calculator? If you're a freelancer, independent contractor, or vendor who isn't on an employer's payroll, you may receive a 1099…
I Got a 5071C Letter, Now What?
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2023/05/Understanding_Your_5071C_Letter1.mp4"][/video] When the IRS sends you a 5071C letter, that’s a request for you to verify your identity. You’re probably getting one…
What Business Owners and Employers Should Do When The IRS Gives Them a 147c Letter
Understanding Your Specific IRS Letter 147c IRS Letter 147c is an official form of verification issued by the IRS (Internal Revenue Service) that confirms the…
Rejoice, Employers! You Can File Your 1099 Tax Forms Online
The miracle of the Internet Age meets business tax compliance. Form 1099-MISC is an IRS tax form used to report miscellaneous payments made to independent…
The Trusty Guide to Form 1041 for Estates and Trusts
Form 1041 is an IRS income tax form that is used to report and pay income taxes on behalf of a trust or estate. It…
The Right Way to Use Form 8962 to Claim the Premium Tax Credit
What is Form 8962? Form 8962 is an essential document for those who have received advance payments of the premium tax credit during the year…
Your Opportunity to Explore Education Credits from Form 8863
Form 8863 is an Internal Revenue Service form used to figure and claim education credits. These credits are based on qualified education expenses paid to…
Know Before You File: The 1099 Reporting Requirements for Business Owners
The Internal Revenue Service (IRS) requires all businesses to report certain payment transactions on the Form 1099 series on their tax returns. The 1099 reporting…
