Do we include rent paid for storage as reportable on . . .
Question:
Do we include rent paid for storage as reportable on the Form 1099-MISC?
Answer:
Although the regulations ar . . .
B-Notice
When is it necessary to have a Form W-9 signed . . .
Question:
When is it necessary to have a Form W-9 signed under penalty of perjury?
Answer:
For payments of interest, d . . .
We have a vendor who recently responded to a "second" . . .
Question:
We have a vendor who recently responded to a "second" B-Notice by sending us his correct TIN, but not by providing the letter or form we requested. Can we accept this as documentation for our records?
Answer:
No, not as documentation th . . .
Once we have updated our systems with the responses to . . .
Question:
Once we have updated our systems with the responses to our B-Notice letters, do we file corrected returns with the IRS?
Answer:
No. The Regulations (Sec. 3 . . .
Our company has not received a B-Notice from the IRS. . . .
Question:
Our company has not received a B-Notice from the IRS. Should we assume our information was correct on the Forms 1099?
Answer:
No. The safest course is to . . .