Articles and Tax Tips

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

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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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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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Let's say you are making a payment to a foreign partnership (a flow-through entity).

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Let's say your organization has made a paymen

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We highly recommend that you get extensions to file Forms 1099/1042-S.

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Michigan has recently updated it's 1099-NEC filing requirements.

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It's Form 1099-NEC filing time! Hopefully, you have both your federal and state level filing ducks in a row.

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Here is a tricky scenario that just came up with one of our TIR Answer Center subscribers.

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