Articles and Tax Tips

TAX TIP OF THE WEEK: 1099-NEC Due Diligence Steps To Take Now

Hopefully, and in the weeks to come you are wrapping up your TY2019 Form 1099 filing. As that task ends you have a new one.

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

TAX TIP OF THE WEEK: Are Gift Cards Given to Employees Form W-2 Reportable?

Gift cards given to employees are a popular option for many organizations offering additional perks during the holiday season.

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

THIS MONTH'S SUBSCRIBER ARTICLE: How To Form 1099-R Report Distributions Related To The Death of a Plan Participant

This month let's take a look at a common reporting situation that nonetheless still can create headaches.

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

TAX TIP OF THE WEEK: IRS Proposing 1099/W-2 Reportable Changes to Business Expense Deductions For Meals and Entertainment

The IRS is at it again.

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

TAX TIP OF THE WEEK: How to 1099 Report Stock Buybacks

Let's say that your company sometimes buys back stock from your shareholders. How do you 1099 report this? Most people say on the Form 1099-B.

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

THIS MONTH'S SUBSCRIBER ARTICLE: North Carolina Extends Reach of Sales & Use Laws in 2020

For just over one year now it has been the law in North Carolina that all remote sellers of tangible personal property, other tax

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

TAX TIP OF THE WEEK: New 1099 Validation Tips for Using the IRS Tax Exempt Organization Search Tool

Hopefully you are using the IRS Tax Exempt Organization Search Tool (TEOS) to validate payee claims of being tax-exempt prior to

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

TAX TIP OF THE WEEK: Paper 1099 Filing Tips

Most Accounts Payable professionals do the majority of their 1099 filing electronically - either directly via the IRS FIRE system or through a thir

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

TAX TIP OF THE WEEK: What Are Online Fillable Forms 1099?

We are so used to filing Forms 1099 either electronically via the IRS FIRE (File Information Returns Electronically) System, via a third-party fili

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

THIS MONTH'S SUBSCRIBER ARTICLE: 1099 Payments Subject to Backup Withholding

As noted in last week's blog post, the IRS has been on a heavy enforcement push regarding 1099 reportable payments.

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]