Articles and Tax Tips

THIS MONTH'S SUBSCRIBER ARTICLE: Attorney Trustee in Bankruptcy 1099-MISC Reporting Exception Trap to Avoid

There are many issues to consider when 1099 reporting payments made to attorneys.

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

TAX TIP OF THE WEEK: IRS Announces New 1099 Filing Rules

This week the Department of the Treasury and the IRS issued final regulations amending the rules for filing 1099's electronically (e-file).

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

THIS MONTH'S SUBSCRIBER ARTICLE: What You Need to Know About IRIS - The New IRS 1099 Filing Web Portal

Over one year ago the IRS proposed a new 1099 web portal as a supplement to the FIRE (Filing Information Returns Electronically) system of E-filing

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

TAX TIP OF THE WEEK: A Run-Down of What is 1099-NEC Reportable Versus What is NOT

Forms 1099-NEC reporting payments made to vendors during 2022 in the ordinary course of your trade or business must be filed with the IRS by the en

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

TAX TIP OF THE WEEK: IRS Issues New 1099-K Reporting Guidance for 2023

The IRS has just released new Form 1099-K guidance for 2023. It's certainly a last minute change but here is what you need to know.

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

THIS MONTH'S SUBSCRIBER ARTICLE: Should Your Oganization Use a Credit Card to Make Payments to a Foreign Vendor?

Happy New Year.

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

TAX TIP OF THE WEEK: 1099-NEC Reportable Vendor But There is a FATCA Issue: Does The Vendor Get Two 1099's, or What?

This year the IRS released updated versions of the 1099-NEC and 1099-MISC. One form got a FATCA update. The other did not.

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

THIS MONTH'S SUBSCRIBER ARTICLE: Employee Pays for Services And Is Reimbursed: Does Your Organization Still 1099 Report the Vendor Payment Made By the Employee?

The title of this month's tax tip is a mouth-full, but an important topic.

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

TAX TIP OF THE WEEK: Who Gets the 1099 When the Plaintiff and Attorney are Both Named on the Check?

When paying an attorney and plaintiff a joint check the question surrounding how to issue the 1099 often comes up. What do you do?

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]

THIS MONTH'S SUBSCRIBER ARTICLE: Why It's Important To Track 1099 Vendor Payment Types

1099 reporting requirements can be deceptively tricky.

[Full text available to TIR Answer Center subscribers. Subscribe to read full article.]