TaxBandits | December 27, 2012 | Read time: 3 minute(s)
It is important to file your 1099 with IRS on time to avoid incurring penalties. According to the General Instructions for Certain Information Returns the penalty applies if
TaxBandits | December 20, 2012 | Read time: 4 minute(s)
Form W-2, Wage and Tax Statement, is used to report wages paid to employees and the taxes withheld from them. Who needs to file Form W-2? Every employer
TaxBandits | December 17, 2012 | Read time: 3 minute(s)
Form 1099-DIV, Dividends and Distributions, is a yearly tax statement provided to investors by by banks and other financial institutions to report dividends and other distributions to taxpayers
TaxBandits | December 13, 2012 | Read time: 3 minute(s)
Form 1099-INT, Interest Income, is a yearly tax statement provided by payers of interest income that summarizes income of more than $10 from interest along with associated expenses.
TaxBandits | December 11, 2012 | Read time: 3 minute(s)
Form 1099-MISC, Miscellaneous Income, is used to report payments for services performed for a business by people not treated as its employees, such as payments to subcontractors, rent
