Articles and Tax Tips

The issue of validating Forms W-8 and dealing with the payee foreign TIN requirement continue to bedevil accounts payable departments processing payments made to Non-U.S. Persons. Here's some tips to help.

The Tax Cuts and Jobs Act passed in December of 2017 includes major changes to your organization's ability to avoid W-2/1099 reporting entertainment related fringe benefits - including those for sports tickets and membership dues. Here's what you need to know.

The Form 1042-S attracts the lion's share of the attention when reporting payments of U.S. sourced income made to foreign payees. However, the Form 1042 is equally important. Let's take a look at some mistakes you want to make sure you avoid this filing season.

Please remember that the IRS in both 2016 and October of 2017 amended the filing requirements for Forms 1099-MISC. This week, let's go over these changes as well as a reminder regarding where this fits in vis-a-vis paper versus electronic filers.

On December 22, 2017 the IRS accounced that it has extended the 2018 due date for certain entities to provide 2017 health coverage information statements to individuals.  This week let's take a look at who this applies to and the new deadlines.

The Tax Cuts and Jobs Act passed in December of 2017 has made significant changes in terms of whether payments made to payees in U.S. possessions can be U.S. sourced (and thus reportable under the law). This week let's look at what accounts payable departments making 1099 and 1042-S reportable payments need to know.