How to complete California Form 592
California Form 592 is a 2-page form where each page is called Side 1 and Side 2 respectively. The payer uses Form 592 to report additional 7% backup withholding to the state of California. The first part of Side 1 asks the payer whether this form is amended or a prior year distribution. Neither of […]
How to complete IRS Form 1097-BTC
IRS Form 1097-BTC is a new form starting in 2012 that issuers of certain tax credit bonds use to report tax credit to the bond holders and the IRS. A bond is a type of loan. Every time I think of a bond, I think back to my days I served on my local Village […]
How to complete IRS Form 1098-C
You have a car, boat or an airplane that has $500 or more in value. You want to donate that vehicle to a charitable organization. That’s great and very generous of you. Oftentimes these charity organizations clean up the donated vehicles and then resell them to need individuals at below-market rates. The organization that receives […]
How to complete IRS Form 1099-DIV
IRS Form 1099-DIV, Dividends and Distributions, is used to report dividends, capital gains, nontaxable, and liquidation distributions. The top of IRS Form 1099-DIV shows the payer name, address and TIN followed by the recipient name, address and social security number. The form also asks for the account number. The account number is just a unique […]
