Articles and Tax Tips

TAX TIP OF THE WEEK: Sales and Use Updates For Early in 2025 - Part II

As promised here is Part II of our look into the expansive changes in Sales & Use reporting at the state level during the past six months.

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TAX TIP OF THE WEEK: Sales and Use Updates For Early in 2025 - Part I

Over the past decade U.S. states have been busy revamping their Sales and Use reporting rules. Here we are seven years removed from the U.S.

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THIS MONTH'S SUBSCRIBER ARTICLE: A Primer On The Form W-9's Line 4

You get back a Form W-9 from a vendor. One of the first things you notice is that line 4 has some strange numbers or letters in it.

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TAX TIP OF THE WEEK: Does Your Payee Have a Long Name? Tips Regarding Character Allowance By The IRS On A 1099's Name Line

Do you know how many characters are allowed by the IRS for the Line 1 name when you go to file your 1099?  If you don't, then would splitting the n

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TAX TIP OF THE WEEK: Tips For Validating The W-8BEN-E's Critical Part III and Lines 14 and 15

A TIR Answer Center subscriber recently inquired about a W-8BEN-E submitted by a vendor from Costa Rica who was requesting treaty benefits on payme

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THIS MONTH'S SUBSCRIBER ARTICLE: Clarity Finally Comes to 1099-K Reporting Rules

IRC Section 6050W has long since eliminated the requirement for Accounts Payable departments to report payments settled using a P

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TAX TIP OF THE WEEK: Do You Really Need A Signed W-9 When Reporting Interest Payments In Relation To A Legal Settlement?

Internal Revenue Code Section 6109 establishes the basics regarding documentation needed from your vendors.

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TAX TIP OF THE WEEK: Best Practices to Reduce 1099 Filing Errors

Form 1099 Year-End Filing Prep season is almost upon your organization's Accounts Payable or Tax Department.

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THIS MONTH'S SUBSCRIBER ARTICLE: Does The Seller Need to Complete a Form 1099-S If No Money Is Being Exchanged

If real estate transactions are something you work with, then you likely are regularly dealing with the IRS Form 1099-S. But is that always true?

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TAX TIP OF THE WEEK: Are Worker Service and Retirement Awards Reportable?

Prizes, awards, and gifts can be tricky to deal with (whether provided to a W-2 reportable employee or 1099 reportable contractor).

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