Tax Resources for Accountants and Small Businesses (U.S.)
What is Form W-4 (Employee’s Withholding Certificate)? Form W-4 is an IRS form employees give to their employer so the correct amount of federal income tax can be withheld from their pay. If too...
Confused about W-4 vs W-9? These two IRS forms are often mixed up, but they are used for completely different purposes. This guide explains the key differences, when to use each form, and whether...
Need help filling out Form W-4? This step-by-step guide explains how to complete each section so you can withhold the correct amount of tax from your paycheck. Form W-4 determines how much federal income...
Can you claim exemption from withholding on Form W-4? You may be able to claim exempt status if you had no federal income tax liability last year and expect to have no federal income...
Need a W-4 example? This guide shows a simple filled-out sample and explains what each section of Form W-4 means. This example is for a single employee with one job and no dependents. Your...
Need to understand Form 1099-MISC? This guide explains what it is, what it is used for, which payments must be reported, and when you need to file it. Form 1099-MISC is used to report...
Confused about 1099 vs 1099-MISC? Here is a simple explanation of the difference and when to use each form. The term “1099” is often used broadly, but Form 1099-MISC is a specific IRS form...
Confused about 1099 vs 1099-NEC? Here’s a simple explanation of the difference and when to use each form. The terms “1099” and “1099-NEC” are often used interchangeably, but they are not the same. This...
Filing Form 1099-NEC correctly is essential to avoid penalties and reporting issues. Many businesses make common mistakes when preparing this form. This guide explains the most frequent 1099-NEC mistakes and how to avoid them....
Form 1099-NEC is used to report nonemployee compensation. If you pay independent contractors or other non-employees, you may need to file this form. This guide explains who needs to file a 1099-NEC and when...
If you want to understand how a completed Form 1099-NEC should look, this guide shows a filled example and explains each section of the form. If you need step-by-step instructions, see How to Fill...
Form 1099-NEC is used to report nonemployee compensation, including payments made to independent contractors, freelancers, and other non-employees. If you need to prepare this form, this guide explains how to fill out Form 1099-NEC...
Need a W-9 form? Download the official PDF, learn what it is used for, and follow step-by-step instructions to fill it out correctly. Download W-9 Form (PDF) The W-9 form is an IRS document...
Filling out a W-9 form is usually simple, but small errors can still cause delays, incorrect tax reporting, or backup withholding. In this guide, we explain the most common W-9 mistakes and how to...
A W-9 form is used to collect taxpayer information for reporting purposes. But not everyone needs to fill it out. In this guide, we explain who needs to complete a W-9, when it is...
If you need help understanding how a completed W-9 should look, this guide walks you through a simple W-9 example and explains each section of the form. If you have not downloaded the form...
Filling out a W-9 is usually simple if you understand what each field means. This guide explains how to complete Form W-9 correctly, what information to include, and which mistakes to avoid. If you...
Filing taxes can be stressful, especially when time runs short. Fortunately, the Internal Revenue Service (IRS) provides a solution for taxpayers who need more time: Form 4868, officially titled Application for Automatic Extension of...
Missing the April 15 tax filing deadline in the United States is not unusual, but it can lead to additional costs if not addressed quickly. The impact depends on whether you owe taxes, are...
Current Applicable Federal Rates (AFR) The Applicable Federal Rates (AFR) are monthly interest rates published by the IRS and used for tax purposes such as loans between related parties, imputed interest rules, and other...