you have a capital gain; when you sell it for less than what you paid, you have a capital loss. Both can affect your taxes. But if you immediately buy a similar property to replace the one you sold, the tax code calls that a "like-kind exchange," and it lets you del...
Though, for reporting nonemployee compensation in exchange for products and services rendered, you will typically use Form 1099-NEC. Landlords are typically required to file 1099-MISC forms for payments made to property managers, contractors, attorneys, repair professionals and anyone else who perf...
FATCA was signed into law by President Obama on March 18, 2010, to create stricter requirements for taxpayers reporting foreign assets and to curb government losses due to offshore tax noncompliance.1Taxpayers, businesses, and partnerships with foreign assets at or in excess of the thresholds must...
or foreign central banks. They're tax-exempt according to IRS rules. There's some overlap here with the BEN and ECI forms. This one is for use solely for exemptions claimed under certain terms of the Internal Revenue Code: Sections 115(2), 501(c), 892, 895, or 1443(b). ...