Articles and Tax Tips

THIS MONTH'S SUBSCRIBER ARTICLE: The Non-Bank's Form 1099-K Due Diligence Requirements

We get quite a few questions from non-banking organizations receiving Forms 1099-K that revolve around due diligence requir

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TAX TIP OF THE WEEK: A Look at Recent Sales and Use Changes - Part Two

Here's part two of the Sales and Use round up covering major 2021 changes so far in the 50 U.S. states.

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TAX TIP OF THE WEEK: A Look at Recent Sales and Use Changes - Part One

It's time for a Sales and Use round up! The 50 U.S. states have again been busy in 2021.

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THIS MONTH'S SUBSCRIBER ARTICLE: How to Identify When De Minimis Fringe Benefits Are Reportable

Let's take a look at when a fringe benefit is de minimis and qualifies for a reporting exclusion versus when it does not qualify and is W-2/1099 re

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TAX TIP OF THE WEEK: How The 1099-MISC Box One's Property Management Exception Works

The IRS defines receiving rental income as conducting the trade or business of renting out property, subject to Form 1099 reporting requirements.

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THIS MONTH'S SUBSCRIBER ARTICLE: Things to Know About The Infamous 1042-S Portfolio Interest Exemption

Interest payments definitely are a part of the W-8 documentation and 1042-S reporting regime.

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TAX TIP OF THE WEEK: The W-8, Foreign Partners, and Effectively Connected Income

In general, a foreign person that is engaged in a U.S. trade or business is subject to U.S.

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TAX TIP OF THE WEEK: The Basics Behind The W-8 and 1042/1042-S Reporting

It is important to have a general knowledge of how the U.S. tax system taxes U.S.

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THIS MONTH'S SUBSCRIBER ARTICLE: New Food/Beverage Deduction Rules for Businesses

On April 8th the Treasury Department announced some important new rules when it comes to business meals and the ability to deduct related expenses.

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TAX TIP OF THE WEEK: The IRS Just Changed the 1099-MISC and 1099-NEC Yet Again For 2021!

The IRS has just revamped the 1099-MISC and 1099-NEC yet again. Whoa boy! Interestingly, the form instructions have not paced the new changes.

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