Articles and Tax Tips

THIS MONTH'S SUBSCRIBER ARTICLE: A 1099 Corrections Tip Involving Constructive Receipt of Income Versus Substantial Limitations

It's 1099 corrections season!

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This past fall the IRS started updating the Forms W-8 that you must use to document payments of U.S.

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Unfortunately, corrections are a part of the 1099 filing process. Obviously, one wants to minimize corrections as much as possible.

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When you think of the 1099-C "Cancellation of Debt" you doubtlessly think of bankruptcies. However, there is much more to the 1099-C.

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Payments made to claimants for settlements can be 1099-MISC Box 3 reportable.

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State 1099 reporting is really important and often overlooked.

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Back on July 23, 2021, the IRS issued Proposed Regulations changing how it is you e-file 1099's.

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It's that time of the year! No, not the holidays.

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The IRS has updated it's filing regulations for the upcoming 1099 reporting season.

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It's time to update your 1099 state as well federal filing procedures.

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