When a debt is forgiven, it can have significant tax implications. Form 1099-C, Cancellation of Debt, is used to report this forgiven debt to both the IRS and the individual or business that owed it. Proper understanding of this form ensures compliance and helps prevent unnecessary tax penalties.
If you received unemployment benefits, state tax refunds, or other government-issued payments, you must report them accurately. Incorrect or late filings can result in penalties. Our team helps simplify the process for both individuals and businesses.
If you sold stocks, bonds, or participated in barter exchanges during 2025, filing Form 1099-B is required. Submit it by the February 15, 2026 deadline to avoid IRS penalties and ensure accurate reporting.
If you received distributions from pensions, annuities, or retirement plans in 2025, filing Form 1099-R is required. Submit it by the February 02, 2026 deadline to avoid penalties and stay compliant with the IRS.
Earned dividends or other distributions from stocks, mutual funds, or investments in 2025? You are required to file Form 1099-DIV. Submit it by the February 02, 2026 deadline to stay IRS-compliant and avoid penalties.
If you earned interest from bank accounts, CDs, or bonds in 2025, you must file Form 1099-INT. Meeting the February 02, 2026 deadline helps you stay IRS-compliant and avoid penalties.
Businesses that paid rents, prizes, awards, or other miscellaneous income in 2025 must file Form 1099-MISC. Filing by the February 02, 2026 deadline ensures compliance and prevents IRS penalties.
If your business paid independent contractors, freelancers, or nonemployees in 2025, you must file Form 1099-NEC Nonemployee Compensation. Filing by the February 02, 2026 deadline ensures compliance with IRS rules and avoids penalties.
Employers must file Form W-3 Transmittal of Wage and Tax Statements when submitting W-2 forms. Filing by February 02, 2026 ensures IRS and SSA compliance and helps avoid penalties.
If you earned wages, salaries, or tips in 2025, you must receive Form W-2 Wage and Tax Statement. Filing by the February 02, 2026 deadline ensures accurate tax reporting and prevents IRS penalties.
Form 1099-NEC is required to report payments made to nonemployees, including freelancers, independent contractors, and service providers. For tax year 2025, businesses must issue the form to recipients and file it with the IRS by February 2, 2026.
Form 1099-MISC is used to report miscellaneous income such as rents, prizes, awards, or other payments to non-employees. For tax year 2025, businesses must issue this form to recipients and file with the IRS by February 2, 2026.
Form W-2 is used by employers to report employee wages and taxes withheld for the year. Employers must provide W-2 forms to employees and file with the SSA by February 2, 2026, to stay compliant.
Form 945 is filed by employers and payers to report federal income tax withheld from non-payroll payments like pensions, IRAs, and gambling winnings. The filing deadline for tax year 2025 is January 31, 2026.
Form 940 is the Federal Unemployment Tax Return employers file to report FUTA taxes. The filing deadline for tax year 2025 is January 31, 2026.
Form 3922 reports stock transfers from Employee Stock Purchase Plans (ESPP). Employees must receive this form by February 2, 2026, for tax year 2025.
Form 3921 is issued by employers to employees who exercise an Incentive Stock Option (ISO). It records the details of stock purchased through an ISO, which is crucial for Alternative Minimum Tax (AMT) reporting and calculating potential capital gains when shares are sold.
Form 1099-K reports payment card transactions and third-party network payments exceeding IRS thresholds. The recipient deadline for tax year 2025 is February 2, 2026.
Form 1099-R reports distributions from pensions, retirement accounts, IRAs, and insurance contracts. The recipient deadline for tax year 2025 is February 2, 2026.
If you received unemployment compensation, state tax refunds, or other government payments in 2025, you may receive Form 1099-G. Filing it accurately before the Jan 31, 2026 deadline is critical to avoid IRS penalties and ensure proper reporting of taxable government payments. This guide explains what Form 1099-G is, how to report it, penalties for mistakes, and the best tools to file efficiently.
