Articles and Tax Tips

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.

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

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

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

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

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

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Filing season is upon us. If you have been making TY2019 payments of U.S.

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On December 4, 2019 the state Senate approved and sent to Governor Gretchen Whitmer legislation (who is expected to promptly sign the bill into law

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In November 2019 the IRS finally updated its guidance in relation to the usage of per diem rates to substantiate the amount of a payee's expenses f

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On November 20, 2019 the IRS issued a Final 2020 Form 1099-NEC – following up on last summer’s draft form.

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