Articles and Tax Tips

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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THIS MONTH'S SUBSCRIBER ARTICLE: Parsing The Puzzling June IRS Guidance on W-2 Reportable Qualified Transportation Fringe Benefit Expenses

On June 19, 2020 the IRS issued proposed regulations providing guidance for the deduction of qualified transportation fringe and commuting expenses

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TAX TIP OF THE WEEK: How To Correct a 1099 For An Existing Vendor With a New TIN

Processing 1099 corrections in an efficient manner typically requires two elements. First is a solid attention to detail.

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TAX TIP OF THE WEEK: How to 1099-MISC Report Payments Involving Attorneys and Qualified Settlement Funds

Form 1099 settlement reporting can involve a dizzying array of of facts and circumstances.

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THIS MONTH'S SUBSCRIBER ARTICLE: 1099-R Distribution Code Differences Between Reporting a Plan Loan Offset Versus a Deemed Distribution

Retirement plan reporting can be a highly tricky situation. It is always highly fact and circumstance dependent.

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TAX TIP OF THE WEEK: How AP Can Use the TIN Matching Program To Abate 1099 Penalties

We often get asked questions like “how exactly do we use the TIN Matching program to get out of penalties?” Let’s walk thro

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TAX TIP OF THE WEEK: Can You Reimburse Commuter Miles When Employees Are Working From Home?

Whether or not your organization can reimburse business mileage for employees is never an easy situation.

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THIS MONTH'S SUBSCRIBER ARTICLE: What AP Needs to Know About New IRS Changes To 1099-MISC Settlement Reporting Rules

Given current events, it is probably a big surprise to find out that the IRS is not only still enforcing 1099 due diligence rules but that it conti

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TAX TIP OF THE WEEK: A Big Form 5498 Reporting Issue That Better Be On Your Radar in 2020

IRS Notice 2020-23 does a number of things. In this tax tip we are concerned about the notice strictly from an IRA perspective.

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