Articles and Tax Tips

TAX TIP OF THE WEEK: Foreign Travel, Reimbursements, Foreign Vendors, and The Form 1042-S

This week let's take a look at how to handle a situation involving an employee traveling abroad to a conference in a foreign country and your organ

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Your organization decides to have some giveaways to non-employees such as vendors and/or employees of our customers.

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IRS Forms W-8 serve a number of functions. Most commonly they document payee status as a Non-Resident Alien. This is important.

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Attention 1099 filers, you may be getting a CP2100 or CP2100A "B" Notice in the mail.

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Yes, it's still TY2021 filing season.

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You have a U.S. vendor. They refuse to provide their TIN.

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It's 1099 corrections season!

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This past fall the IRS started updating the Forms W-8 that you must use to document payments of U.S.

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Unfortunately, corrections are a part of the 1099 filing process. Obviously, one wants to minimize corrections as much as possible.

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When you think of the 1099-C "Cancellation of Debt" you doubtlessly think of bankruptcies. However, there is much more to the 1099-C.

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