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Merely log on and go to the Information Reporter Ezine link; and there our current subscribers will find Volume 5 Issue 1 - featuring an in depth look at U.S. State Reporting.

If you are a business taxpayer who has not filed a return, or filed a false or fradulent return, then beware. The IRS can prepare returns and assess taxes under the authority of IRC Section 6020(b); and they are taking advantage of this rule more than ever before. For instance, in Fiscal Year 2011, $1.64 billion in 6020(b) assessments were levied.

IRS Notice 2012-2 has just been issued providing new guidance to payment settlement entities (typically banks issuing payment cards) that are U.S. payors regarding the circumstances under which an information return is required under IRC §6050 with respect to a payment made to a Non-US account.

According to IR-2012-78 the foreign earned income exclusion will rise to $97,600 for 2013. This is up from $95,100 in 2012 and is part of the IRS' annual inflation adjustment to over two dozen tax provisions.

Subscribers! This quarter's Volume 4 Issue 3 of the Information Reporter E-Zine is now ready. In this quarter we break down and examine everything your AP department needs to know about reporting Non-Qualified Deferred Compensation (NQDC).

Last week the IRS issued a new draft Form W-8IMY, Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding. This is the third such draft form released (with the drafts of two new forms W-8BEN released earlier this summer).

Important News - IRS Revenue Procedure 2012-30 has been published (and has already been updated via Rev. Proc. 2012-33). Needless to say many of you are filing electronically; so the fact that a new set of guidelines have been released superceding last year's in regards to filing most major information returns is pretty big news.

We have received several questions of late regarding recent changes in state reporting laws, and what we can do to help. To that end not only does our subscription service answer whatever state reporting questions you may have, but we also do have a guide that can help.

Knowing how the IRS defines something is often key to understanding how to or whether to file or report; as well as going a long way toward helping you handle B-Notices, Proposed Penalty Notices or Audit situations. Today, let's examine what exactly the IRS means when it speaks of a "missing TIN" and what you should be doing in response. 

There continues to be tremendous interest from those interested in what kind of questions we handle via our TIR Answer Center subscriber service.