Form 1099-S
When you sell your home, federal tax law requires lenders or real estate agents to file a Form 1099-S, Proceeds from Real Estate Transactions, with the IRS and send you a copy if you do not meet IRS requirements for excluding the taxable gain from the sale on your income tax return. To avoid violating […]
List of Common IRS Forms for Foreign Investors in the US
Foreign Investor Income Withholding Forms Other Forms
Form 1099
Form 1099 is issued by U.S. corporations, small businesses and other employers to record the income earned by employees and independent contractors. There are several versions of the 1099 which may be used to report different types of income such as interest, dividends, real estate sale proceeds and debt cancellation. The form reports income to […]