In March the IRS announced it is hiring a staggering 10,000 new workers. In addition, the current administration's budget request seeks to provide $14.3 billion to the Treasury Department, including $12.6 billion devoted to the IRS. Those monies would result in the largest single-year funding increase for the IRS in over twenty years! 

The combination of new funds and this new hiring spree means that you must get your due diligence and filing ducks in a row earlier than in year's past if you want to have a productive 1099 filing season early next year. We say early next year because the process of bringing onboard and training thousands of new hires won't really result in an increased risk of liability to third party reporters until probably late this upcoming fall.

Nevertheless, it is better to be prepared than to wait until the last minute. This will be especially important in 2022 with the new 1099 continual update program, new 1099 e-filing requirements, new 1099 corrections procedures, and slew of other such changes that continue to make 1099 compliance and filing something your organization needs to stay on top of. And remember, we stand ready to help train your Accounts Payable team and provide the best practices and tips you need to deal with this constant churn of new and evolving requirements.

On top of that we not only answer all of our subscribers 1099 questions in two business days or less (providing written answers from actual tax attorneys that you can also use to help show reasonable cause), but we do something as well. We educate our subscribers. We do this via providing access to thousands of questions previously answered, hundreds of articles and tax tips, as well as attendance for all of our subscribers at educational webinars (where you can also earn 2.0-3.0 CPE credits from our NASBA certified CPE providers). And we do it all for as low as $49 per month.

The best thing we do is help you get smarter. Not only will you be able to handle more issues as you learn, but you can rely on us to assist you not only when you just want an answer but also in solving the really tough curve balls ever-changing federal due diligence and filing regulations throw at you!