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THIS MONTH'S FEATURED ARTICLE: IRS Increases Focus on International Tax Compliance Issues

The Internal Revenue Service announced on August 4, 2010 that is has consolidated its Large and Mid-Size Business (LMSB) division and, effective October 1st, has renamed it the Large Business and International Division (LB&I). This is significant for information reporters because....

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TAX TIP OF THE WEEK: Help in Identifying Your Worker's Status

The IRS is continuing to expand its focus on worker classification reporting related issues. On August 27th the IRS put out a reminder that important IRS rules exist for the purpose of making sure you properly classify the workers you hire as either independent contractors or employees. Remember, if you misclassify a worker as an indepedent contractor when in reality the IRS says that worker is an employee you could be on the hook for costly penalties. 
 
As part of its ongoing effort to crack down on the mistaken classification of workers the IRS reminds business owners that there are several factors particularly important when it comes to hiring individuals as independent contractors versus hiring them as employees....

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RECENT NEWS: TIR Consulting Announces Strategic Partnership with Convey Compliance Systems

1099 reporting professionals to benefit from expert consultation paired with innovative tax software solutions  
 
Convey Compliance Systems and TIR Consulting LLC today announced a strategic partnership. Each company offers a unique set of products and services that together will enable organizations to reduce the costs and risks associated with 1099 reporting.