Jacob Dayan is a tax professional at IRS.com with expertise in U.S. federal and state tax law. Their articles are written to help taxpayers understand complex tax topics in plain English.
174 articles published
If you're a freelancer, independent contractor, or vendor who isn't on an employer's payroll, you may receive a 1099 form for income you earned throughout the year. While being self-employed and recei
No, your boss's 401k match doesn't count toward your limit. So stop buying pumpkin spice lattes every day and invest in your future.
The miracle of the Internet Age meets business tax compliance.
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 requirements were established to ensu
Well, this could be a fun letter to get!
I think I might start a 529 just for the tax benefit!
When filling out a 1042-S form, it's important to provide information about the source of the income being paid and the type of income being paid. Additionally, you'll need to include an income code w
Are you a U.S. citizen or resident alien that owns or is involved in a foreign corporation? If so, then you may be subject to filing Form 5471 with the IRS. Form 5471 can seem like a daunting task to
Form 1040 is the flagship form of the Internal Revenue Service (IRS). It is used to report an individual's income and calculate their federal income taxes. This form is used by all citizens and perman
Are you a business owner wondering what the requirements for filing Form 7203 are? Filing taxes can be an arduous and confusing process, but understanding the basics of Form 7203 may help you navigate
Are you looking for an easy way to file your taxes? If so, IRS Pub 596 is the publication for you! This comprehensive guide outlines the eligibility and filing requirements for claiming the earned inc
You have several options for filing your federal income tax return. The first step is to gather all necessary documents, including your W-2 forms, 1099 forms, and any other income or deduction records