The 2024 Form 1099 Compliance Guide and W-8/1042-S Compliance Guides Are Now Available!

Attention Accounts Payable/Tax Professionals, and CPA's. If you don't have the time to hunt down and analyze IRS Form 1099 and state level changes recently made for 2024, then these guides will help you.

These guides provide 400 pages of 1099/1042-S expert guidance. All of it is designed to answer your 1099 questions, while helping you manage your unique 1099/1042-S training and compliance needs. Plus, these publications can be used to help you establish reasonable cause in case the IRS levies a proposed penalty against your organization.

Given the rapid pace of changes to Federal 1099 & State level tax information reporting laws, you will have to hurry to get yours. These seasonal guides are only available for a limited time:

Or, Purchase Only The 2024 Form 1099 Compliance Guide For $300

Or, Purchase Only The 2024 Form W-8/1042-S Compliance Guide for $215

The 2024 Form 1099 Compliance Guide and Form W-8/1042-S Compliance Guides are crafted from the ground up with one goal in mind - making your job easier.

Our guides translate the law into plain English so that you can better understand the latest changes and best practices regarding the Form 1099/1042-S compliance and reporting world. What's more this guidance comes regardless of your learning level (basic, intermediate, advanced) - as explained by one recent satisfied customer:

My company ordered a guide after attending a TIR webinar. That was one of the best decisions our AP Department made for this reporting season....The IRS isn't always clear in answering 1099 reporting questions. We truly appreciate the straight forwardness of the TIR Guides."

- Rodney Spruell,  Kaplan Inc

The 2024 Form 1099 Compliance Guide features dozens of 1099 due diligence tools. These include tips, backup withholding and other such flow charts, real world scenarios to learn from, a table matching dozens of payment types to IRS reporting forms (updated to include changes made by the introduction of the new 2024 Forms 1099-NEC and 1099-MISC), and dozens of new articles. All of this is focused on 2024's hottest Federal & State 1099 related due diligence and filing issues confronting CPA's, Accounts Payable, Tax, Payroll, and Human Resources Departments.

Six Easy to Follow Sections

All designed to help you meet your 1099 related due diligence goals for 2024, as follows:

• Get a step-by-step breakdown regarding how your Accounts Payable or Tax Department needs to approach recent changes to IRS 1099 filing rules. This includes getting set-up for using the IRS FIRE System in 2024, updating existing users information (including TCC related), how to assign a responsible official at your organization, adapting to 1099 filing thresholds, incorporating corrections rules under recent changes, and a basic how-to regarding signing up for and usage of the lower-volume IRIS system of filing 1099's to supplement bulk 1099 filing through FIRE

• The IRS released a new Form W-9 in March of 2024: We analyze the big changes to LLC, sole proprietor, and partnership documentation and validation.

• Learn about new IRS 1099 enforcement measures and why you need to polish your compliance and 1099 due diligence approach for 2024's new regulatory environment

• Discover what the new January 2024 Forms 1099-NEC and 1099-MISC do in terms of your diligence steps this year. We box-by-box break down the trouble spots revealed by the recently completed filing season, while providing you an in-year action plan for updating your policies and procedures for each box and related payment/vendor type

• Learn what real-estate industry reporters need to know about a brand-new 1099 being rolled out for reporting digital assets

• Get a full 1099-K break-down: Including tips for those making vendor payments using corporate cards

• Learn what syndicates are, and when they are 1099 reportable

• Discover when a settlement payment for a property loss is 1099 reportable

• Find out why 2024 is an important year for tracking vendor types

• Learn when landlord "cash for keys" arrangements in lieu of eviction are 1099 reportable

• Review important 1099-MISC Attorney/Settlement reporting scenarios and get tips for dealing with them

• Discover who gets the 1099 when the plaintiff and attorney are both named on the check

• Get updated on Attorney Trustee-in-Bankruptcy 1099-MISC reporting exception traps to avoid

• Review when an LLC actually meets the 1099 corporate exception to reporting

• Get a run-down of what's 1099-NEC reportable and what isn't

• Find out how many different 1099's you need to file (hint: it's more than one) when your 1099-NEC reportable vendor has a FATCA issue

• Learn about 1099 filing when your employee pays for services and is reimbursed

• Profile your vendor giveaways and associated 1099 requirements

• Your 1099 reportable vendor claims they applied for a TIN. Find out whether you wait or report anyway

• Discover when you need to 1099 report a vendor reimbursement

• Get tips for handling the accountable plan reporting carve-out and when it applies

• Find out how to 1099 report gifts your organization paid for via corporate credit card and awarded to non-employees

• Update yourself on 1099-NEC box 1 food/beverage deduction rules for businesses

• Learn how the 1099-MISC box one’s property management exception works

• Watch out for the 1099-MISC box one when it comes to payments for business rentals and to middlemen

• Learn what to do when a payment is made to a 1099 reportable attorney who misreads the law and refuses to provide their TIN

• Get a breakdown of 1099-MISC’s tricky box 10

• Determine when an LLC meets the corporate exception from reporting

• Find out how you might have a 1099-C reporting requirement and not even know it

• Get a 1099 corrections tip involving constructive receipt of income versus substantial limitations

• Learn how to determine when you should be depositing 1099 backup withholding with the IRS

• Learn what to do when you 1099 filed and discovered a mistake in YOUR information

• Get updated on what you must do prior to 1099 filing if the only name provided on a vendor's W-9 is a disregarded entity

• Learn how to respond when your vendor’s W-9 is checked as both a partnership and a corporation

• We break down how to determine when a corporate payee needs to provide you with a new W-9

• Recognize when a payment made to a therapist in 2024 is reportable in Form 1099-MISC box 6 as being made to a medical service provider

• Get best practices for when and how to 1099 report garnishment payments

• Learn why you need to be alert for false contractor claims that they need you to provide a 1099 correction in 2024

• We break down 1099 reporting when last year's dividends are posted in 2024

• Get tips to help learn whether it's a good idea to outsource your B-Notice processing duties in 2024

• Discover how to 1099 report a 2024 payment to a vendor with two different DBA's

• Find out how to correct a 1099 for an existing vendor with a new TIN

• Get a 2024 Form 1099 compliance round-up: Learn what AP needs to do before declining to 1099 report a settlement related payment

• Find out which 1099 payments are subject to backup withholding in 2024

• Yikes! IRS penalty rates rise while IRS sets new enforcement revenue collection record

• Learn about W-2/1099 reportable expense reimbursements and commuter miles

• IRS announces further increases in enforcement capability for 2024

• Learn when the LLC vendor is a non reportable corporation

• Discover 1099 best practices for payments involving qualified settlement funds

• Get 2024 guidance for validating prospective 1099-R reportable payments

• Discover how to Form 1099-R report distributions related to the death of a plan participant in 2024

• We explain Form 1099-R distribution code differences between reporting a plan loan offset in 2024 versus a deemed distribution

• Learn why 2024 rent payments you think are 1099-MISC reportable might be 1099-S reportable instead

• 2024 due diligence update: when does LLC mean the vendor is a non-1099 reportable corporation?

• Discover how to 1099 report a single check payment made to multiple claimants

• Learn about personal liability and fines in 2024 for misclassifying your workers

• Get the AP action plan for 2024 fringe benefits payments, the working condition 1099/W-2 reporting exclusion and your worker

• 1099/W-2 reportable business expense deductions for meals and entertainment: discover what you need to do

• IRS clarifies W-2/1099 reportable reimbursements and per diem methodology: We break down the latest for you

• 2024 Form 1099 validation tips for using the IRS Tax Exempt Organization Search Tool

• Learn how to 1099 report stock buybacks made in 2024

• Get guidance for identifying when gift cards given to employees are Form W-2 reportable

• Learn about new changes to the combined federal/state filing program

• Get 1099-NEC filing requirements and updates recently made by U.S. states

• Get Accounts Payable specific payee TIN solicitation tips that meet IRS due diligence rules

• Discover what IRS mandated due diligence tasks you must perform regarding the 1099-MISC box 3 non fixed and determinable settlement reporting exception

• Get tips on how to correct 1099's reported for the wrong year

• If AP sends out a first B-Notice letter and the respondent sends back an old W-9 learn whether or not this would fulfill IRS due diligence requirements

• Find out how to meet your IRS mandated due diligence requirements when differentiating between 1099 reportable punitive and non-1099 reportable compensatory damages involving personal physical injury payouts

• Learn what accounts payable must document when determining if subscriptions and dues are Form 1099-NEC or Form 1099-MISC reportable

• Get Accounts Payable specific due diligence tips for the 1099/W-2 reporting of product liability and employment related legal settlements

• Discover the new due diligence duties created for non-profits

• Learn what AP needs to know about the new IRS exempt organization search tool to perform your IRS mandated due diligence payee validation tasks

• Does your organization offer transportation related fringe benefits? Learn about IRS updates to 1099/W-2 reporting and due diligence rules

• Address recent changes to Section 1031 exchanges and Form 8824 due diligence rules

• Learn what to do if accounts payable used the wrong backup withholding rate

• Discover what AP must document in writing to meet IRS due diligence requirements if choosing NOT to 1099 report a payee claiming to be a tax-exempt organization

• Get Form 1099-K due diligence requirements the non-bank AP department must follow

• Learn how to use the Form W-9 to save time when validating your payees for due diligence purposes

• Find out what AP needs to document regarding the Form 5498 when the policy owner dies mid-year

• Get B-Notice and Proposed Penalty Notice Processing tips specifically designed for this year

• Discover the first step you must take upon receipt of an IRS "B" Notice

• Identify how to document Form 1099-MISC box two reportable royalties vs. Form 1099-NEC box one services

• Learn how to document for due diligence purposes when a good is in fact 1099-NEC reportable

• Discover how to approach the issue of 1099 reporting when you don't have the vendors TIN

• Get compliance and reporting tips when it comes to prizes, gifts, and awards made to alumni, donors, and students

• Learn from our attorney/settlement payment Form 1099 Compliance Primer

• Address the Form 1099-NEC box one vs. Form 1099-MISC box ten debate

• Find out how to handle vendors who incorporate mid-year

• Learn what your AP department should do in terms of 1099's when one business buys another

• Get tips on 1099 compliance involving vendors set up with card issuer's as an alternative payee

• Benefit from real world situations our clients have faced so that your AP department knows whether a former employee doing consulting work is a 1099 reportable independent contractor

• Discover exempt payment 1099 compliance traps

• Address the debate surrounding whether you need an IRS Letter 147C to be "2nd B-Notice" compliant

• Learn when the IRS requires you to solicit your payee for a new TIN

• Discover why you may be reporting hotel payments on the wrong 1099 

• Learn when NOT to report on Form 1099-MISC payments to claimants

• Review our solutions for the trickiest B-Notice processing issues 

• Know your payee - associations and the W-9: Are they exempt or not?

• Learn best practices for properly completing IRS Form 1098-T

• Avoid correction errors and learn from real world scenarios confronted by our clients

• Review our table breaking down AP TIN Match Roles & Responsibilities 

• Get our TIN Match Troubleshooting Table

• Six essential documents you will need if audited

• Implement policies to protect yourself from penalties arising from the improper employment of medical residents

• What to watch out for as a tax exempt college or university in regards to unrelated business income

• Discover how to pass an IRS compliance check

• Get tips for beefing up your internal controls

• We break down commonly assessed information return penalties

• Receive tips for documenting your payees

• Get guidance so your electronic records meet IRS due diligence requirements

• Deal with red-flags on the Form W-9

• Discover when you need to obtain a W-9 certified under penalty of perjury

• Efficiently match payment types to the proper Form 1099 with a unique reference chart that can be used by everyone in your AP department

• Learn how to get the most out of the IRS TIN Matching Program

• Review today's IRS specifications for processing different IRS notices

• Get backup withholding tips - including the dangers inherent in stopping and refunding backup withholding

• Get answers to our most commonly asked withholding and Form 945 questions

• Test how well your staff knows B-Notice processing

• Review B-Notice processing rules

• Get our proven sample second B-Notice letter

• Learn what compliance tasks you must perform when dealing with unclaimed property

• Translate dozens of IRS terms into language you can understand with an included Internal Revenue Code Glossary

• Learn about new changes to the combined federal/state filing program

• Get 1099-NEC filing requirements and updates recently made by U.S. states

• Learn what to do when you forgot to direct file the 1099-NEC with a state

• Form 1099-NEC Update: Georgia has new 1099-NEC filing requirements

• Form 1099-NEC Update: Delaware's quirky 1099-NEC rules change again

• Form 1099-NEC Update: Idaho gets 1099-NEC crazy

• Form 1099-NEC Update: Illinois makes more 1099-NEC changes

• Form 1099-NEC Update: Kansas has new 1099-NEC filing rules

• Form 1099-NEC Update: Michigan’s 1099-NEC reporting rules

• Get AP tips for handling Philadelphia’s reporting rules applicable to those generating in-city revenue

• Pennsylvania's confusing approach to Sales and Use: Let’s clean this up for you

• Arizona and Georgia ramp up Sales and Use collection efforts

• Sales and Use Breakdown: New Mexico tightens its Sales and Use requirements

• Sales and Use Breakdown: South Dakota expands reach of Sales/Use rules

• Sales and Use Breakdown: Rhode Island's convoluted Sales & Use reporting rules

• Sales and Use Breakdown: New York updates it’s Sales and Use laws

• North Carolina and Oklahoma change Sales & Use tax rules: Don’t ignore these updates

• Tennessee and West Virginia address Sales/Use Tax liabilities

• Michigan supreme court rules on sourcing 1099 services in Detroit

• Translate dozens of IRS terms into language you can understand with an included Internal Revenue Code Glossary

• And more from an electronic publication that can be shared with your whole team within one day of receipt of payment!

• Get our big Form 1042/1042-S Update – Packed with tips and changes for validating and reporting payments made to Non-Resident Aliens in 2024

• We break down your Forms W-8BEN, W-8BEN-E, W-8ECI, and W-8IMY due diligence and filing tasks for 2024

• We analyze the new Form W-8EXP just released last fall

• Discover what the new March 2024 Form W-9 means for Non-Resident Alien LLC and Partnership payees

• Get updated on the February 2024 changes to 1042/1042-S filing

• Discover how to handle confusing treaty claims in 2024

• Go over the steps to take when a vendor has supplied a foreign address

• Receive a simple solution for handling a vendor who won't provide a completed W-8

• Learn whether payments to foreign airlines are 1042-S reportable

• Get a refresher on W-8 limitations on benefits provisions for treaty claim purposes

• Learn how to approach foreign travel, reimbursements, foreign vendors, and the Form 1042-S

• Discover the rate at which you should backup withhold when a W-8BEN student wins a prize

• Watch out for the W-8, foreign partners, and effectively connected income: we provide tips and best practices

• Must know tips for the infamous 1042-S portfolio interest exemption to reporting

• 1042-S Extension rules - discover what AP needs to know

• New rules on 1042-S filing when making payments in 2024 to partnerships

• Get a plain English explanation of 1042-S filing codes

• The W-9, box 4, FATCA, and 1042-S reporting

• We break down back-up withholding in 2024: 1099 versus 1042-S withholding tips

• Learn about the Form W-8IMY and 1042-S: AP specific guidance for paying U.S. sourced interest to a Non-Resident Alien partnership

• Learn how to determine whether your organization's scholarship/fellowship payments to citizens of Mexico are exempt from 1099 reporting

• Get guidance validating 2024 payments made to Puerto Rican vendors: 1099 or 1042-S reportable?

• AP Best Practices: Your organization uses a corporate credit card to pay a foreign entity. Is it 1099 or 1042-S reportable?

• Guidance for 2024: IRS enforcement of 1042-S reportable payments creating U.S. Sales/Use Tax implications

• 2024 Due Diligence update for your U.S. operations’ use of software located on a foreign server: Are those payments 1099 or 1042-S reportable?

• Learn the Form W-8 due diligence steps the IRS expects you to complete prior to filing Forms 1042-S

• Our experts break down the recently added Form 1042-S sections

• Discover which of boxes 14a, 14b, and/or 15 must be completed when validating the W-8BEN-E's Part III for Payees Claiming Treaty Benefits

• Learn whether you can refund a supplier money otherwise backup withheld because they improperly completed the W-8BEN-E

• Leverage a real-world example involving a Finnish staffing agency to understand when you are required to have your payees complete the Form W-8BEN-E

• Do you have U.S. payee’s working abroad? Get help identifying expats versus inpats, tax equalization, resident aliens, and 1099/1042-S reportable payments versus W-2 exclusions from reporting

• Discover how 1099/1042-S sourcing rules have changed for payees in U.S. possessions

• Learn the first and most important step in validating W-8/W-9 data collected from your payees

• Get compliance tips for validating the W-8BEN and documenting treaty benefits claims of Non-U.S. payees

• Recent changes in the law for U.S. banks reporting on Forms 1042/1042-S - are you prepared?

• Learn why you need to watch out for FATCA status check boxes when you are validating Forms W-8

• Discover how to identify a Form 1042-S reporting responsibility

• Learn exactly when you should request a new W-8 from your payee

• Making payments to foreign owned LLC's? Learn what to watch out for

• Discover how to document and 1042-S report payments made to foreign joint owners

• Find out which errors are grounds for soliciting a new W-8 from your payee

• Learn how to respond when your supplier sends you a W-8BEN-E with a blank line five

• Learn AP specific tips for unpacking the W-8IMY's biggest validation headaches

• Get the steps you need to document, validate, and report partnership payees with effectively connected income

• Get the latest tips in managing the W-8IMY's worst trouble spots

• Our step-by-step solutions to the W-8EXP's biggest traps

• Learn how to backup withhold on payments made to Non-U.S. persons when the amount subject to withholding is not clear

• Learn the steps you need to take when you need to file Form 1042-S but don't have the payee's TIN

• Discover how to manage 1042-S audits so they don't become 1099 audits

• Understand when a payment to a vendor for an app created for use in the U.S. is 1042-S reportable and when it is not

• Get help updating your ITIN compliance procedures

• Learn why you need to act now in response to changes made to Form 1042-S filing deadlines

• Discover W-8/1042-S changes regarding the disposition of U.S. real property interests

• Our break down of IRS regulations for electronically filed Forms W-8

• Get our top 1099/1042-S resident alien compliance tips

• Receive help identifying when you need updated Forms W-8BEN from payees

• Learn tips for handling payments made to independent contractors from foreign countries but who live in the U.S.

• Guidance on what to do when you've made a payment of personal services income to a Canadian and they invoke treaty benefits

• Learn what your status as a withholding agent means for 1042/1042-S purposes

• Discover tips on validating Form 1042-S reportable payments of royalties to Non-Resident Alien payees

• Get help identifying whether U.S. financial institutions must prove registration with FATCA

• Discover what you should do in response to issues raised by FATCA in terms of validating Forms W-9 

• Information on what you need to update your Forms W-8

• Get tips for fitting the new IRS changes made to Forms 1042/1042-S into your compliance and filing seasons

• Get compliance tips for using the W-8BEN and W-8BEN-E to document your Non-US payees

• Discover how to validate the Form 8233 for treaty benefit claims

• Learn why your AP department should be using the Form W-8IMY to document more Non-US Payees than you may think

• Learn when dual resident individuals are reportable on Form 1099 vs. Form 1042-S

• Recognize commonly missed Form 1042-S reportable payment types

• Learn how recent FATCA updates impact your use of the Forms W-8

• Get an accounts payable primer: withholding agents vs. beneficial owners of income

• Get a plain English description of what FATCA requires of your organization

• Learn the Form W-8 due diligence requirements

• Get help determining where withholdable payments are made across your organization

• Find out which third party or inter-organization payments need to be on your radar

• Learn how to recognize and distinguish FDAP from ECI characterization of Non Resident Alien income

• Get eight reporting and withholding exceptions for the Non-Resident Alien regarding scholarships, fellowships, and grants

• Learn about critical exemptions from FICA withholding when making payments to foreign students and scholars

• Help updating your NRA policies & procedures: 5 key items you need to show in case of audit

• Get your own Non-Resident Alien reporting glossary: over 40 terms defined

• Plus get a FATCA glossary of key terms

• Discover new sourcing payment best practices

• Protect your organization from the pitfalls posed by payments made to Non-Resident Aliens for software and bundled goods

• Learn about the seven payee's from whom you must get an ITIN

• Get help documenting international students working under F-1, J-1, or M-1 classifications

• Troubleshoot payments made to Non Resident Alien athletes and entertainers

• Assess your staff's Non Resident Alien reporting knowledge with skills and knowledge tests 

• Employ our simple two-part test for tax residency to make your job easier

• Get our widely praised U.S. vs. Non-U.S. Person data collection flow chart

• Discover the three Non Resident Alien presumption standards you must know

• Identify payee's from U.S. possession's in 3 easy steps

• Use our simple five step process to determine if you have a valid OFAC match

• And more from our newest e-publication of the season!

Our guides offer one of many ways we can help. We feature veteran tax attorneys who provide organizations like yours with convenient and affordable access to the Form 1099/1042-S answers they need, and in two business days or less. With the TIR Answer Center you'll get accurate answers to Form 1099 questions as they arise!