Articles and Tax Tips

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?

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

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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

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

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The fall B-Notice (CP2100) processing season is upon us!

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Section 1031 has been radically revamped by last December's Tax Cuts and Jobs Act.

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It's August. That means its proposed penalty notice season (IRS Form 972-CG).

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The Form 5498 can be as tricky as any other information return.

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This week let's look at the Form 1099-K and payment card transactions from the accounts payable perspective of a non-bank.

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The new tax law is requiring many churches, hospitals, universities, and other historically tax-exempt organizations to pay a 21 percent tax on cer

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