Skip to main content

"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

This Thursday - Form 1099 Filing Tips: What You Must Know Before Reporting

We request that you join us on Thursday January 18, 2018 and get last minute 1099 filing tips plus have your questions answered by our expert!

Final Weeks On Sale: The TY 2017 Federal/State 1099/1042-S Filing Guide!

The 2017 Federal/State 1099/1042-S Filing Guide is still available but only until the end of this month! Don't miss your chance to get best practices and changes in 1099/1042-S federal/state filing for the same low price as last season!

Don't Forget About the New Backup Withholding Rate For 1099 Reportable Payments

With all of the new changes in W-2/1099 reporting and compliance, please be careful. For instance, another one that has slipped under the radar of many is the new backup withholding rate.

TAX TIP OF THE WEEK: Form 1099-MISC Box 7 Filing Deadlines Take Precedence Over E-Filing Rules

Please remember that the IRS in both 2016 and October of 2017 amended the filing requirements for Forms 1099-MISC. This week, let's go over these changes as well as a reminder regarding where this fits in vis-a-vis paper versus electronic filers.

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

TAX TIP OF THE WEEK: Form 1095-B and 1095-C Statement Deadlines Extended

On December 22, 2017 the IRS accounced that it has extended the 2018 due date for certain entities to provide 2017 health coverage information statements to individuals.  This week let's take a look at who this applies to and the new deadlines.

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

TAX TIP OF THE WEEK: Form 1099/1042-S Sourcing Rules for Payments Involving U.S. Possessions Changed Under New Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act passed in December of 2017 has made significant changes in terms of whether payments made to payees in U.S. possessions can be U.S. sourced (and thus reportable under the law). This week let's look at what accounts payable departments making 1099 and 1042-S reportable payments need to know.

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

THIS MONTH'S FEATURED ARTICLE: Tax Cuts and Jobs Act Radically Changes Fringe Benefit Reporting Rules

The Tax Cuts and Jobs Act passed in December of 2017 includes steep reductions in your organization's ability to avoid reporting a slew of fringe benefit related reimbursements. This month let's take a look at these huge changes and what you need to know to be compliant under W-2/1099 reporting rules.

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

TAX TIP OF THE WEEK: An Overview of 2017 Changes to Forms 1099, 1098, 5498 and 1042-S

Filing season is almost upon us! What follows is a brief overview of the biggest 2017 changes to key information returns other than the 1099-MISC (which we have discussed elsewhere). Please make sure you are on top of the following filing changes.
Form 1042-S:

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

THIS MONTH'S FEATURED SUBSCRIBER ARTICLE: Mistakes to Avoid When Validating Claimed Exempt Organization Payees

Select Check is an IRS online tool that allows you to verify the status of a claimed exempt organization payee. We recommend you use Select Check - just watch out for the following 1099 reportable mistakes in the upcoming filing season:

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

TAX TIP OF THE WEEK: Tips for Handling Five Special B-Notice Processing Situations

Many of you face unique B-Notice processing situations (with 2017's fall B-Notice season wrapping up this month). This week we will look at five tricky B-Notice processing problems and offer you tips for handling each!

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