Articles and Tax Tips

TAX TIP OF THE WEEK: B-Notice Processing Audit Avoidance Tips For Accounts Payable in 2020

Spring B-Notice season is upon us.

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THIS MONTH'S SUBSCRIBER ARTICLE: Be Alert For Contractors Claiming 1099 Corrections Needed

With filing season mostly over you really need to take time to examine lessons learned from this year and update your policies and procedures surro

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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.

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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.

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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.

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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.

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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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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

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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

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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

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