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Taxation of Incentives Received from a Bank
Image courtesy of Pixabay.com You open a savings account at a bank and they give you a toaster or a cooler or a coffee cup as a gift. Is this taxable? It depends on the value of the gift and the amount...
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Basics of Taxes, Part 5: Income From Other States, And Other Complications
Image courtesy of user “pinkzebra” on Pixabay.com This is an excerpt from a presentation I give to college students about the basics of income taxes. —– If you worked in more than one state, you might...
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Issue a 1099 to a Hotel for Rent Expense?
Image courtesy of Pixabay.com A few years ago I was a co-presenter at a seminar for HR professionals about 1099s. (I’ve been posting excerpts from my presentation here on this blog over the last few...
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Glossary: 1099
Image courtesy of Pixabay.com In the tax world, the term “1099” refers to a series of reporting forms issued to recipients of certain types of income. Examples: Form 1099-MISC: issued by businesses to...
View ArticleDo Landlords Need to Issue 1099s? An In-Depth Look, Part 1
Question: does a landlord need to issue 1099s to contractors who perform work on the landlord’s property? Answer: I give a CPE presentation on Form 1099, and I’ve also done far more research into...
View ArticleDo I Have to Issue 1099s for “Business to Business Transactions”?
(NOTE: I have been terrible about writing posts this year; I am finally back at a point of being able to blog again, so you’ll see posts more often from me. And if this post is any indication, I have...
View ArticleDo I Issue a 1099 When I Pay a Contractor in Venmo?
Venmo and other payment apps are becoming a popular way to pay contractors. We talked about the “1099-K exception” in the last post, where if you pay someone via a “third-party processor” you do NOT...
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Taxation of Incentives Received from a Bank
Image courtesy of Pixabay.com You open a savings account at a bank and they give you a toaster or a cooler or a coffee cup as a gift. Is this taxable? It depends on the value of the gift and the amount...
View ArticleClik here to view.
Issue a 1099 to a Hotel for Rent Expense?
Image courtesy of Pixabay.com A few years ago I was a co-presenter at a seminar for HR professionals about 1099s. (I’ve been posting excerpts from my presentation here on this blog over the last few...
View ArticleClik here to view.
Glossary: 1099
Image courtesy of Pixabay.com In the tax world, the term “1099” refers to a series of reporting forms issued to recipients of certain types of income. Examples: Form 1099-MISC: issued by businesses to...
View ArticleDo Landlords Need to Issue 1099s? An In-Depth Look, Part 1
Question: does a landlord need to issue 1099s to contractors who perform work on the landlord’s property? Answer: I give a CPE presentation on Form 1099, and I’ve also done far more research into...
View ArticleDo I Have to Issue 1099s for “Business to Business Transactions”?
(NOTE: I have been terrible about writing posts this year; I am finally back at a point of being able to blog again, so you’ll see posts more often from me. And if this post is any indication, I have...
View Article