#irs-reporting
IRS reporting requirements for cryptocurrency and investments
Bank sign-up bonuses are IRS-taxable interest income, usually on 1099-INT, taxed at your marginal rate with nothing withheld. Set aside 22–37% plus state tax.
The IRS finalized TD 10051: CRAT-plus-annuity shelters are listed transactions. Disclose on Form 8886 by October 7, 2026, or face six-figure penalties.
IRS Form 1099-Q Box 1 is your total 529 distribution, Box 2 the possibly taxable earnings, Box 3 tax-free basis — and tax follows the recipient's SSN.
IRS Forms 1099-NEC, 1099-MISC, and 1099-K add tip, occupation-code, and overtime boxes for 2026, plus a $2,000 reporting threshold.
The IRS pulled its Delinquent FBAR Submission Procedures on July 1, 2026. Late FBARs still aren't auto-penalized — reasonable cause is now your shield.
Strike pay is taxable income per IRS Publication 525, reported on Form 1099-MISC with zero withheld — pay estimates now or owe tax plus penalty in April.
Paying a foreign contractor for U.S.-performed work means 30% IRS withholding unless a treaty applies; fully remote work needs only a W-8BEN on file.
IRS rules require Form 1099-NEC for affiliates paid $2,000 or more in 2026 — collect W-9s before the first payout or face 24% backup withholding.
Form 4180 is the IRS interview deciding whether unpaid payroll taxes become your personal debt under Section 6672 — bring records, answer briefly, get counsel.
Got a 1099 for income that isn't yours? File a nominee 1099 and Form 1096, then subtract the pass-through on Schedule B or C to avoid a CP2000.
Ten IRS-smart moves before December 31: place equipment in service, max out 401(k)s, bunch charitable gifts, and prep 1099s under the new $2,000 rule.
Nonprofit raffle and pull-tab income is taxable UBI unless the IRS bingo or 85% volunteer-labor exception applies — plus W-2G and Schedule G rules.
