Articles and Tax Tips

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.

The Affordable Care Act now requires applicable large employers (ALE's) to file information returns with the IRS and employees. The IRS has been busy tweaking those rules. This week let's take a look at some of the latest updates, and what you need to know.

The IRS is implementing sweeping new restrictions on your ability to request extensions to file Forms W-2, 1099, 1095, and 1042-S. This is an issue AP departments must address this compliance season, and as follows.

Today it's common to face Form 1042-S reportable payment situations that just a few years ago would have been considered rare. This week we have some tips for you on what to watch out for when you are sending a payment to a foreign person who is living in the U.S.

On February 17, 2016 the IRS issued new guidance regarding the acceptance of electronically furnished Forms W-8 and W-9. This week let's take a look at these important new changes to your document collection and validation compliance requirements under the law.

U.S. Financial Institution's (USFI's) have a number of compliance requirements under FATCA (Foreign Account Tax Compliance Act). And though you may have heard that USFI's don't have to register under FATCA - there are times when they do, and as follows.

Last year you made non employee reportable payments that were withheld for an IRS Levy Form 668-W. Should that withheld amount be reported on a 1099-Misc in Box 4, or should a form 945 be completed for the withheld amount, or should you do both?