Articles and Tax Tips

A B-Notice (IRS Notice CP-2100 or CP-2100A) list is a notification from the IRS informing you that you filed Forms 1099 with incorrect TIN/name combinations. But do you have to contact every payee showing up on the B-Notice list? Let's take a look in this week's tax tip.

Form 1099-MISC Box 14 is an important but tricky box that requires careful attention. In short you report in box 14 those situations where your organization has been involved in a legal action and a settlement payment is forthcoming. Seems simple enough, but as always the devil is in the details.

One of the big new changes to the Form W-8BEN involves treaty benefit claims and the new ability to accept a Foreign taxpayer identification number (TIN) in lieu of a U.S. TIN. This week let's delve further into this new IRS requirement and determine how far your due diligence validation obligations extend.

Business expense reimbursements are a tricky area of the law. This week let's take a look at an approach to such reporting that will work for you.

March is almost upon us, and that means you are bumping up against the filing deadline for Forms 1042/1042-S. It also means that Form 1099 filing is in full swing. But some payee's are trickier than others. This week let's look at which information return is used for reporting the dual-resident payee.

The new Forms W-8BEN and W-8BEN-E are complex documents used for both Chapter 3 documentation (Non-Resident Alien compliance/reporting rules) and Internal Revenue Code Chapter 4 (FATCA). This week let's look at one important factor in determining if your payee has provided you with a valid and completed W-8BEN or W-8BEN-E.

Last year the IRS created a new Form W-8BEN for individuals. But this created one very big due diligence/compliance problem for AP departments in those situations when a payee provides a Foreign TIN to claim treaty benefits. This week we will revisit that issue in light of the recently updated IRS Publication 515.