#irs-reporting
IRS reporting requirements for cryptocurrency and investments
Paying a foreign contractor for U.S.-performed work means 30% IRS withholding unless a treaty applies; fully remote work needs only a W-8BEN on file.
IRS rules require Form 1099-NEC for affiliates paid $2,000 or more in 2026 — collect W-9s before the first payout or face 24% backup withholding.
Form 4180 is the IRS interview deciding whether unpaid payroll taxes become your personal debt under Section 6672 — bring records, answer briefly, get counsel.
Got a 1099 for income that isn't yours? File a nominee 1099 and Form 1096, then subtract the pass-through on Schedule B or C to avoid a CP2000.
Ten IRS-smart moves before December 31: place equipment in service, max out 401(k)s, bunch charitable gifts, and prep 1099s under the new $2,000 rule.
Nonprofit raffle and pull-tab income is taxable UBI unless the IRS bingo or 85% volunteer-labor exception applies — plus W-2G and Schedule G rules.
With missing records, the IRS rebuilds income from bank deposits, net worth, markup and unit volume — reconciled books keep the audit on specific items.
Covered by an HDHP on Dec. 1? The IRS last-month rule allows a full-year HSA contribution — but fail the 13-month testing period and owe tax plus 10%.
An IRS CP05A notice holds your refund until you send W-2s, 1099s and pay stubs — reply within 30 days, allow 45–60 days more, and escalate with Form 911.
US prize winnings are ordinary income at fair market value — report them on Schedule 1 even when no 1099-MISC arrives under the 2026 $2,000 threshold.
IRS TIN Matching is free and catches name/TIN mismatches before you file 1099s — each bad return can cost up to $340 plus 24% backup withholding.
Form W-4P defaults new pension payments to single status with no adjustments, not 10%. Check the Step 1 box to elect zero IRS withholding.
