IRS Form 5498-QA Explained: ABLE Account Contributions and Tax Reporting
IRS Form 5498-QA A Plain-English Guide for Individuals With Disabilities, Families, and Caregivers from AIM Financial Saving for disability-related expenses…
IRS Form 1099-QA Explained: ABLE Account Distributions and Tax Reporting
A Plain-English Guide for Individuals, Families, and Caregivers from AIM Financial An ABLE account can help eligible individuals with disabilities…
IRS Form 1099-CAP Explained: Changes in Corporate Control and Capital Structure
A Tax Guide for Shareholders, Investors, and Business Owners from AIM Financial When a corporation is acquired, merges with another…
IRS Form 1099-DA Explained: Cryptocurrency Sales, Digital Asset Proceeds, and Tax Reporting
1099- DA AIM Financial | Grand Rapids, Michigan Tax Preparation Cryptocurrency and other digital assets have become increasingly common, but…
IRS Form 1099-H Explained: Health Coverage Tax Credit Advance Payments and Tax Reporting
IRS Form 1099-H was used to report advance payments made under the federal Health Coverage Tax Credit (HCTC). Although this…
IRS Form 1099-LS Explained: Life Insurance Policy Sales and Tax Reporting Requirements
AIM Financial | Grand Rapids, Michigan Tax Preparation Selling a life insurance policy may provide access to money while the…
IRS Form 1099-SB Explained: Life Insurance Policy Sales, Tax Reporting, and What Policyholders Should Know
Did you sell a life insurance policy to an investor, transfer a policy as part of a life settlement, or…
IRS Form 1099-LTC Explained: Long-Term Care Benefits, Tax Rules, and Federal Income Tax Reporting
AIM Financial | Grand Rapids, Michigan Tax Preparation Receiving long-term care benefits can raise important questions when it is time…
IRS Form 1099-A Explained: Foreclosures, Abandoned Property, and Tax Reporting Requirements
AIM Financial | Tax Preparation in Grand Rapids, Michigan When a homeowner falls behind on mortgage payments or a property…
IRS Form 1099-OID Explained: Original Issue Discount, Discounted Bonds, and Taxable Interest Income
Understanding IRS Form 1099-OID is important for taxpayers who own certain bonds, certificates of deposit, Treasury securities, or other debt…
