Articles and Tax Tips

Form 1099 compliance is a tricky game. Oftentimes winning that game comes down to knowing what the other side will do before they do it. To that end, this week examine some common issues IRS auditors focus upon when they examine your filed Forms 1099-MISC.

When your organization makes a payment of U.S. sourced income to a Non-Resident Alien (NRA) you likely have an NRA reporting or withholding responsibility. Fail to meet that responsibility and you can come under audit. Let's look at what your audit response should focus upon.

Picture this; you have sent your payee statements out and are preparing to file with the IRS when a vendor calls and insists his return is inaccurate and that you must correct it. Or, you have filed your returns and realize you have made some mistakes. What should you do? This week let's take a look at each of these situations.

Among your other information reporting compliance tasks we remind you of a new one. Please remember to count your employees.  This is an essential task that you must complete to file IRS Forms 1094 and 1095 each year, and as required by law.

Pay for certain personal services performed in the United States is exempt from U.S. income tax under certain conditions provided by treaty. This week let's look at the U.S. tax treaty with Canada in regards to the taxability of personal services peformed in the U.S.

I keep on saying it but...the IRS is at it again. This time tinkering with long standing Form 1042-S filing deadlines. We are facing a huge compliance season leading into one of the most high pressure filing seasons in recent memory - if you are not prepared. So let's get you ready.

Treaty benefit claims have been made much more complex in dealing with because of recent changes made to Forms W-8BEN, W-8BEN-E, and 8233. This week let's review what an acceptable Form 8233 should have to establish a claim for treaty benefits.