Where to Find Recipient Account Number on 1099-G

Where do I find recipient account number on 1099-g? On the IRS Form 1099-G, the account number box is located under the taxpayer’s name and address. Read more on ttlc.intuit.com You can get a 1099-G form in the mail if you’ve received any kind of government payment, including unemployment benefits. This form is used to … Read more

What is a 8862 form and Other Tax Form Questions Answered

What is a 8862 form? Taxpayers complete Form 8862 and attach it to their tax return if: Their earned income credit (EIC), child tax credit (CTC)/additional child tax credit (ACTC), credit for other dependents (ODC) or American opportunity credit (AOTC) was reduced or disallowed for any reason other than a math or clerical error. Read … Read more

What Tax Forms Do I Need as a Freelancer?

What tax forms do I need as a freelancer? What forms do you need to file? In lieu of the single W-2 form you’d get annually as a traditional employee, freelancers receive a 1099-MISC form from every client who pays you $600 or more. You report your 1099-MISC income on a Schedule C attachment to … Read more

Understanding the Differences Between 990 and 990-PF

The IRS requires nonprofit organizations to submit Form 990 as part of their annual tax filings. However, nonprofits may submit either the ordinary Form 990 or the Form 990-PF, which are the two forms of the Form 990. The type of organization needed to file them is the main distinction between the two. Nonprofits with … Read more

Understanding the 1120F and Other Tax Forms

What is an 1120f? U.S. Income Tax Return of a Foreign Corporation. Read more on www.irs.gov Understanding the numerous tax forms and rules that apply to your business is crucial if you own a business. The 1120F is one such form that international firms use to submit their income tax returns to the United States. … Read more

Which Form to File: 8832 or 2553?

Do I file form 8832 or 2553? Businesses that want to change their tax classification to an S Corporation do not need to file Form 8832. Instead, they should file Form 2553. When a single-member LLC adds more members, the business will be taxed as a partnership. Read more on www.upcounsel.com The decision between Form … Read more

Understanding Form 870 and Other Tax Forms for Business Owners

What is a form 870? Form 870 means Internal Revenue Service Form 870, Waiver of Restrictions on Assessment and Collection of Deficiency in Tax and Acceptance of Overassessment, any successor thereto, and any similar form used for state or local Tax purposes. Read more on www.lawinsider.com Tax season can be a difficult time for business … Read more

Understanding Form CT-3-S and Related Tax Forms

What is Form CT-3-s? Read more on www.tax.ny.gov S corporation income and other tax data are reported using the New York State corporate franchise tax form CT-3-S. A corporation that has chosen to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code is known as a S corporation. This indicates that … Read more

How to Properly Fill Out a W9 for Nonprofits

How should a nonprofit fill out a w9? If another business has asked your nonprofit corporation to complete a W-9, you must do so regardless of your tax-exempt status. Download Form W-9. Enter the Nonprofit Name. Add an Explanation. Skip Line 4. Enter the Nonprofit’s Address. Add the Nonprofit’s TIN. Sign and Date the W-9. … Read more