Comprehensive guides on Form 1099-K, 1099-MISC, 1099-NEC, FBAR foreign account reporting, multi-state taxation, and mileage logs.
Understand your reporting obligations including 1099 forms, foreign account reporting, and multi-state filing requirements.
Payment card and third-party network transactions, reporting thresholds, gig economy reporting, and reconciling 1099-K with tax returns.
Nonemployee compensation (Box 1 NEC), when to issue 1099s, $600 threshold, attorney reporting, backup withholding, and penalties for non-compliance.
FBAR filing requirements, $10,000 threshold, FinCEN Form 114, Form 8938 comparison, penalties for non-compliance, and offshore account disclosure.
Filing requirements when living or working in multiple states, apportionment, credits for taxes paid to other states, and domicile rules.
Track business mileage, parking, tolls, and other vehicle-related expenses for tax deduction purposes.
These guides reflect 2025 rules and limits. Refer to the 2026 versions above for current information.
Payment card and third-party network transactions, $20,000/200 transaction threshold (being phased down), gig economy reporting, and reconciling 1099-K with tax returns.
Nonemployee compensation (Box 1 NEC), when to issue 1099s, $600 threshold, attorney reporting, backup withholding, and penalties for non-compliance.
FBAR filing requirements, $10,000 threshold, FinCEN Form 114, Form 8938 comparison, penalties for non-compliance, and offshore account disclosure.
Filing requirements when living or working in multiple states, apportionment, credits for taxes paid to other states, and domicile rules.
Track business mileage, parking, tolls, and other vehicle-related expenses for tax deduction purposes.
Corporate Transparency Act beneficial ownership information (BOI) reporting, domestic and foreign reporting companies, 23 exemptions, and filing requirements. Note: March 2025 interim rule removed BOI requirement while legal challenges are resolved.
Failure to file required forms can result in significant penalties. Contact us for guidance on your reporting obligations.