Articles and Tax Tips

THIS MONTH'S SUBSCRIBER ARTICLE: Are Contractor/Employee Gift Certificates 1099/W-2 Reportable?

Let's say your organization is giving out gift certificates to your contractors and/or employees as a holiday gift used to purcha

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TAX TIP OF THE WEEK: How to 1099 Report Gifts Your Organization Paid For Via Corporate Card and Awarded to Non-Employees

Gifts can be tricky. They are almost always reportable - the question is: to whom?

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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.

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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).

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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

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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

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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.

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

Happy New Year.

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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.

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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.

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