Articles and Tax Tips

TAX TIP OF THE WEEK: IRS Updates Rules for W-2/1099 Reportable Qualified Transportation Fringe Benefits

Last week the IRS issued new proposed guidance regarding how you should handle qualified transportation fringe benefits.

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

THIS MONTH'S FEATURED ARTICLE: Michigan Sales and Use Update

In June of this year The U.S. Supreme Court's South Dakota v.

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

TAX TIP OF THE WEEK: Watch Out For Ongoing 1099 Reporting Problems Involving The Combined Federal/State Filing Program

The IRS Combined Federal State Filing (CF/SF) Program is a program designed to assist filers of certain forms 1099 in terms of their corresponding

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

THIS MONTH'S FEATURED ARTICLE: How to Handle 1099 Reportable Backup Withholding When AP Mistakenly Used The Wrong Rate

Last December's Tax Cuts and Jobs Act changed Form 1099/W-2 reporting in a number of radical ways.

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

TAX TIP OF THE WEEK: How to Know When the Purchase of a Good is In Fact 1099-MISC Reportable

On its face, the rules surrounding Form 1099-MISC reporting are simple.

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

TAX TIP OF THE WEEK: Business Expenses and 1099-MISC Reporting

With the big changes brought by last year's new tax law reporting business expense reimbursements has become a minefield of epic proportions.

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

TAX TIP OF THE WEEK: Reporting Hotel Payments and Box 1 Versus Box 7 of the Form 1099-MISC

Does Accounts Payable need to report payments made to hotels in box one or box seven of the Form 1099-MISC?

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

THIS MONTH'S FEATURED ARTICLE: IRS Issues New 1099/W-2 Rules for Reporting of Meal Related Business Expense Deductions

Last week the IRS released new guidance on the business expense deduction for meals and entertainment following the changes made by the December 20

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

TAX TIP OF THE WEEK: 1099-MISC Box 2 "Royalties" versus Box 7 "Services"

Identifying a payment as one of being reportable in Form 1099-MISC Box 2 as "royalties" versus Form 1099-MISC Box 7 as "services" has been and will

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

TAX TIP OF THE WEEK: The First Thing Accounts Payable Must Do Upon Receipt of an IRS "B" Notice

It's "B" Notice season! Processing IRS "B" Notices is never a simple process.

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