Articles and Tax Tips

THIS MONTH'S SUBSCRIBER ARTICLE: Does The Seller Need to Complete a Form 1099-S If No Money Is Being Exchanged

If real estate transactions are something you work with, then you likely are regularly dealing with the IRS Form 1099-S. But is that always true?

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TAX TIP OF THE WEEK: Are Worker Service and Retirement Awards Reportable?

Prizes, awards, and gifts can be tricky to deal with (whether provided to a W-2 reportable employee or 1099 reportable contractor).

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TAX TIP OF THE WEEK: 1099 Digital Asset Reporting Final Rules Released

The Treasury Department/IRS have just released final regulations that: require broker 1099 reporting of sales and exchanges of digital assets

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THIS MONTH'S SUBSCRIBER ARTICLE: Scholarship Money Paid to Foreign Students - 1099 or 1042 reporting?

We have looked at issues surrounding scholarships and foreign students in the past. This time let's make it a little more complicated.

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TAX TIP OF THE WEEK: A Big 1099 Trap To Avoid In Structuring Employee Lawsuit Settlements

At one time or another an employee will sue you. It happens. Almost always this leads to a settlement.

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THIS MONTH'S SUBSCRIBER ARTICLE: Is A Settlement Paid To A Former Employee 1099-MISC Box 3 Reportable or Not?

Seemingly, simply situation. Your organization is directly paying a settlement to a former employee.

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TAX TIP OF THE WEEK: 2024 Early-Year Sales and Use Update

Over the past decade U.S. states have been busy revamping their Sales and Use reporting rules.

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THIS MONTH'S SUBSCRIBER ARTICLE: Two Important Points to Remember About CP2100 B-Notice Processing

We are in the midst of 2024's Spring B-Notice season.

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TAX TIP OF THE WEEK: IRS Releases New Draft Form 1099-DA

Last summer the IRS announced proposed regulations covering the reporting of digital assets.

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TAX TIP OF THE WEEK: How IRS Withholding Schedules Work From A 1042/1042-S Context

This week's tax tip is inspired by a new higher education client of ours with international students who receive scholarships and work on campus.

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