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"Denise Johnson is fantastic. Her knowledge of the Information Reporting regulations is unparalleled. Her ability to interpret and explain them in laymen’s terms so they are understandable is a valuable asset."

Lori Proctor
Information Reporting
Accounting Specialist

Mutual of Enumclaw
Insurance Company

TAX TIP OF THE WEEK: 1098-T Updates Higher Education Needs to be Concerned About

A few years back the IRS substantially changed the Form 1098-T. Then they issued a safe harbor ruling that was repeatedly extended. However, how long will the extensions last and in the meantime - where should your compliance efforts focus?

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Huge Increase in Accounts Payable Workload With Rise of 1099 "Gig" Economy

Hopefully your accounts payable department is adequately staffed and trained. That's because the "gig" or "1099" economy continues to grow - along with a myriad of compliance and reporting responsibilities.

A recent  Deloitte survey finds that:

TAX TIP OF THE WEEK: IRS Releases New June 2017 Draft Form W-8IMY - Here's Our Instant Analysis

The IRS has just released a brand new June 2017 Draft Form W-8IMY. This follows on the heels of last fall's release of a new W-8IMY. This week let's look at what you need to know - including what this development means for your in-year W-8/1042-S compliance efforts.

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THIS MONTH'S FEATURED SUBSCRIBER ARTICLE: Partnership Withholding and the 1042-S

Partnerships and the effectively connected income of foreign (Non-Resident Alien) partners remains a sticky issue in terms of both W-8 compliance as well as 1042-S reporting. This month we'll provide some tips that will help you handle foreign partnerships with confidence.

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Form W-9/1099 Changes and Compliance Tips for 2017

We request that you join us on Thursday May 25, 2017 and get the latest updates in W-9/1099 compliance rules - plus have your questions answered on-air by our expert!

TAX TIP OF THE WEEK: Tips on Handling the New W-8EXP

As most of you hopefully know late last year the IRS released a new Form W-8EXP which you should be using as of April 1st of this year. This week let's take a look at the big changes accounts payable and tax need to take into consideration.

[Full text available to TIR Answer Center subscribers only. Click here for subscription information.]

TAX TIP OF THE WEEK: What's New With the 1042-S

This week let's take a look at the biggest new changes on the Form 1042-S and make sure that everybody is up to speed on what's recent for 2017.

[Full text available to TIR Answer Center subscribers only. Click here for subscription information.]

Higher Education Faces Wave of Lawsuits and Audits Over 1099 Workers

If you are in accounts payable at a university or college one of your top compliance tasks this summer needs to be reviewing payments made to adjunt faculty. Regulators and judges are frequently finding these 1099 reportable payments to be misclassified.

IRS Data Book Reveals Rising Audits of Accounts Payable Operations at Large Organizations

If you are a mid to large sized organization then please be careful. Last week the IRS released it's data on last year's enforcement activities - and audits in relation to information reporting errors are rising.