Articles and Tax Tips

TAX TIP OF THE WEEK: The Steps You Must Take Now If You Want to E-Deliver 1099 Statements to Your Payees

Filing season is around the corner. That also means payee statement season is also coming.

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THIS MONTH'S SUBSCRIBER ARTICLE: What Your Accounts Payable Department Needs to Know About the New IRS Final 1099/W-2 Reporting Rules Regarding Business Entertainment Versus Business Meal Reimbursement

On September 30, 2020 the IRS issued final regulations regarding the business expense deduction f

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TAX TIP OF THE WEEK: What You Need to Do To Get 1099-MISC and 1099-NEC Extensions to File And The Traps You Must Avoid When Attempting It

Last month (August 2020) the IRS issued a new Form 8809 for getting extensions to file certain information returns.

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TAX TIP OF THE WEEK: Clearing Up The Confusion Surrounding How To Report Payments In The New 1099-MISC Box 7

The new Form 1099-MISC Box 7 is creating quite a bit of confusion regarding how to report payments made to direct sellers.

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THIS MONTH'S SUBSCRIBER ARTICLE: Is It A Good Idea to Outsource Your B-Notice Processing Duties?

Processing an IRS Form CP2100/CP2100A "B-Notice" is a huge pain in the neck.

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TAX TIP OF THE WEEK: IRS Updates Second B-Notice Processing Procedures for 2020

Here we are on the eve of the fall B-Notice season and if you have not as of yet noticed the IRS has updated their B-Notice processing procedures f

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TAX TIP OF THE WEEK: Best Practices for When and How to 1099 Report Garnishment Payments

The reporting of garnishment payments is never easy.

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THIS MONTH'S SUBSCRIBER ARTICLE: Form 1099-R Reporting Tips For Boxes 1, 2a, and 2b

Form 1099-R reporting covers a wide range of situations. Worse yet, many of these require coordination between multiple boxes on the form.

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TAX TIP OF THE WEEK: A Sample of Initial State Responses to The New 1099-NEC

One of your more important 1099 Year-End tasks comes in updating your filing procedures in regards to what you have learned

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TAX TIP OF THE WEEK: Job Training, Job-Related Education and Tips To Determine When Such Benefits Are or Are Not W-2 Reportable

Working condition fringe benefits include property or services that, if the employee had paid for the property

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