Articles and Tax Tips

As most of you hopefully know late last year the IRS released a new Form W-8EXP which you should be using as of April 1st of this year. This week let's take a look at the big changes accounts payable and tax need to take into consideration.

This week let's take a look at the biggest new changes on the Form 1042-S and make sure that everybody is up to speed on what's recent for 2017.

Form 1099 backup withholding can be a confusing process. Throw in the need to withhold on payments of U.S. source income made to Non-Resident Alien (NRA) payees and things get crazier yet. This week let's examine the differences between these two withholding regimes.

The IRS has raised penalty rates yet again in 2017. Penalty rates are up for those organizations failing to timely provide a payee with their statement and/or file a correct information return including involving Forms 1099/1042-S. Here is what you need to know.

Here is a real world situation involving a U.S. company that purchased an app created by a company in Canada for use in the United States. Let's see if you can figure out whether that payment is 1042-S reportable - don't worry, we will help you find the answer.

You filed a Form 1099-MISC for a vendor, but the payee statement is returned as undeliverable. This week let's look at what you should do in this all-too common situation.

Disregarded entities cause all kinds of problems for 1099 filers, but those problems are magnified when you throw the 1042-S into the mix. Here's what you need to know when dealing with foreign owned U.S. disregarded entities.

Please be careful. On February 1, 2017 the IRS issued new guidance for filers of the Form 1042-S in regards to payments of U.S. sourced income made to Non-Resident Aliens (NRA's). Here is what you need to know: