What is Form 1098-E and Who Should Receive One?
Form 1098-E serves as the Student Loan Interest Statement and is used for claiming the Student Loan Interest Deduction. If you have been repaying student loan debt to institutions such as Sallie Mae or American Education Services, you are entitled to claim the interest paid as a deduction on Form 1040 or 1040A. You will […]
What is Form 8027 and Who Needs to Submit One?
Large food or beverage establishments are required to file Form 8027 to report tip income and allocation of tips to employees. Not all food and beverage establishments are required to file Form 8027. For example, you do not need to file an 8027 if your business was only in operation for one month in 2012. […]
