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If you are in accounts payable at a university or college one of your top compliance tasks this summer needs to be reviewing payments made to adjunt faculty. Regulators and judges are frequently finding these 1099 reportable payments to be misclassified.

If you are a mid to large sized organization then please be careful. Last week the IRS released it's data on last year's enforcement activities - and audits in relation to information reporting errors are rising.

As AP and Tax professionals hopefully know - the IRS has been on an enforcement push in regards to auditing 1042/1042-S reportable payments made to Non-U.S. payees. However, an increasing number of 1042/1042-S related audits are being expanded into the 1099 world. 

After earlier rejecting a proposed settlement U.S. District Judge Vince Chhabria in San Francisco ordered Lyft's $27 million settlement for a group of 1099 reportable independent contractor drivers.

The IRS has been busy: your 1042/1042-S compliance efforts better be ready. There have already been big changes in 2017 and doublessly more to come. Let's discuss just one of these modifications which you must address.

Last week the IRS raided Caterpillar's Peoria Illinois headquarters over alleged failures to follow compliance rules involving cross-border transactions between it and it's various subsidiaries. Here is what you need to know.

Bad news for filers of Forms 1099 and 1042-S. On January 10, 2017 National Taxpayer Advocate Nina Olson announced the IRS is seeking to make enforcement 50% of the IRS budget.

Subscribers to the TIR Answer Center enjoy access to veteran tax attorneys who provide organizations just like yours with convenient and affordable answers to the Form 1099 questions they have, and in two business days or less!

You know it's bad when an accounts payable issue makes the news. This time it's an article in the Washington Post poking fun at the phone wait times for people attempting to have the IRS answer their tax questions.

You may have heard budgetary difficulties have precluded the IRS from maintaining the level of enforcement activity that it would like. However, if you are a medium to large size organization this is not only misleading - but if you are careless in your 2016 compliance efforts you can easily face penalty or audit.