Articles and Tax Tips

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

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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.

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THIS MONTH'S FEATURED ARTICLE: B-Notice Processing Tips for 2018

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

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TAX TIP OF THE WEEK: Big 2018 Changes to Section 1031 Exchanges and Form 8824 Reporting

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

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THIS MONTH'S FEATURED ARTICLE: New Proposed Penalty Notice Abatement Tips for 2018

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

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TAX TIP OF THE WEEK: Reporting on the Form 5498 When The Policy Owner Dies Mid-Year

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

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TAX TIP OF THE WEEK: Form 1099-K Basics for the Non-Bank AP Department

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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THIS MONTH'S FEATURED ARTICLE: If You Are A Non-Profit Watch Out As The New Tax Law Created Additional Compliance and Reporting Duties in 2018

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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TAX TIP OF THE WEEK: Supreme Court Expands Nexus to Include Collecting and Reporting Sales Tax Even If You Have No Physical In-State Presence

Last week the U.S.

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TAX TIP OF THE WEEK: How Using the Form W-9 Can Save Time In Your Accounts Payable Department

The IRS Form W-9 has a number of benefits to those accounts payable departments that use it to document their payees. Among those are the great time savings offered by use of the form and as discussed in this week's tip.

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