Articles and Tax Tips

TAX TIP OF THE WEEK: The Rate You Should Backup Withhold At When A W-8BEN Student Wins a Prize

You are a college or university. You have a number of foreign students at your university on student visa's.

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THIS MONTH'S SUBSCRIBER ARTICLE: Our 1099 Vendor Isn't Providing their TIN But Claims They Applied For It - Do We Still Backup Withhold?

We often talk about vendors that refuse to complete a W-9 and/or fail to provide their TIN at your request. And for good reason.

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TAX TIP OF THE WEEK: Foreign Travel, Reimbursements, Foreign Vendors, and The Form 1042-S

This week let's take a look at how to handle a situation involving an employee traveling abroad to a conference in a foreign country and your organ

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THIS MONTH'S SUBSCRIBER ARTICLE: Giveaways to Vendors And Your 1099 Reporting Requirements

Your organization decides to have some giveaways to non-employees such as vendors and/or employees of our customers.

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TAX TIP OF THE WEEK: A Refresher on W-8 Limitations on Benefits Provisions For Treaty Claim Purposes

IRS Forms W-8 serve a number of functions. Most commonly they document payee status as a Non-Resident Alien. This is important.

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THIS MONTH'S SUBSCRIBER ARTICLE: IRS Now Sending Spring B-Notices

Attention 1099 filers, you may be getting a CP2100 or CP2100A "B" Notice in the mail.

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TAX TIP OF THE WEEK: 2022 Changes to Forms 1099-MISC and 1099-NEC

Yes, it's still TY2021 filing season.

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TAX TIP OF THE WEEK: How To Determine When You Should Be Depositing 1099 Backup Withholding With The IRS

You have a U.S. vendor. They refuse to provide their TIN.

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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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TAX TIP OF THE WEEK: Reviewing Recent W-8IMY Changes

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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