Form 1099-INT, Explained: What Every Box Reports and the $10 Threshold That Decides Whether You Get One
Form 1099-INT reports interest of $10 or more — Box 1 is taxable, Box 3 Treasury interest skips state tax, and the Box 2 penalty is deductible.
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Form 1099
Forms 1099-NEC and 1099-MISC reporting for contractor payments, rents, and other information returns
Market Discount and Bond Premium, Explained: How Buying a Bond Below or Above Par Changes Your Tax
IRS rules tax accreted market discount as ordinary income unless de minimis — while electing premium amortization shrinks your taxable coupon.
Recourse vs. Nonrecourse Debt: When a Default Stops at the Collateral — and When It Follows You Home
Nonrecourse foreclosure is taxed on the full balance; a recourse shortfall becomes ordinary IRS cancellation-of-debt income — same default, different bill.
1099 Filing Software Compared: Track1099 (Avalara) vs. Tax1099 vs. the Free IRS IRIS Portal
Tax1099 and Avalara start near $3 per form with volume tiers, while IRS IRIS e-files 1099s free — compare price, state filing, and W-9 tools.
Phantom Income, Explained: How the IRS Taxes Money You Never Received — K-1 Allocations, 1099-C Debt, and OID
Phantom income is taxable income with no matching cash — K-1 allocations, forgiven debt, OID. The IRS taxes the gain; plan liquidity to pay it.
Year-End Bookkeeping Closing Checklist: What to Reconcile, Review, and Lock Before Your CPA Starts in January
Reconcile every account, assemble the CPA tax package, and lock the year before January — with IRS 1099 deadlines and the W-9s filed first.
Year-End Financial Close Checklist: Reconcile Every Balance Sheet Account and Prep for 1099 Season
Reconcile every balance sheet account, book year-end accruals, and file Forms 1099 on time — a six-phase IRS-ready close checklist for small businesses.