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“My company ordered the 2014 Filing & State Reporting Guide after attending a TIR webinar. That was one of the best decisions our AP Department made for this reporting season….The IRS isn't always clear in answering 1099 reporting questions. We truly appreciate the straight forwardness of the TIR Guides.”

— Rodney Spruell, AP Vendor Specialist, Kaplan Inc

Register Today for this August's 2017 Form 1099/1042-S Advanced Online Seminar

Are you already familiar with the basics of 1099/1042-S compliance? For those AP and Tax professionals ready for more in-depth guidance, registration for our all-new 2017 Form 1099/1042-S Advanced Online Seminar is now open!

TAX TIP OF THE WEEK: What Qualifies as a W-2/1099 Reportable Fringe Benefit

This week let's examine what types of payments qualify as W-2/1099 reportable fringe benefits and how your Payroll or Accounts Payable department should break down what gets reported.

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

Form 1099/1042-S Enforcement Budget Greater Percentage of IRS Expenditures Than Ever Before!

The IRS National Taxpayer Advocate released it's mid-year report to Congress. If you are in Accounts Payable or Tax it is not a pretty picture. This upcoming filing season could be the most brutal yet.

THIS MONTH'S FEATURED SUBSCRIBER ARTICLE: Which W-9 Box Should a Single-Member LLC Payee Check?

Validating Forms W-9 is never a dull experience, especially when it comes to LLC's and the W-9's two very different LLC specific boxes. This month let's examine exactly which box should be checked on a W-9 received from your Single-Member LLC payees. 

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

TAX TIP OF THE WEEK: The difference between an Accountable Plan and Non-Accountable Plan

If you are working in AP or Payroll do you know the difference between an accountable plan and non-accountable plan when it comes to reimbursing workers for fringe benefit payments? This week find out what you need to know.

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

TAX TIP OF THE WEEK: Reimbursing Employees or Contractors For Entertainment Expenses? Watch Out For This Common Mistake

Reimbursing employees or contractors for business-related entertainment expenses is an acceptable practice. However, the rules are strict - with many exceptions that create W-2 or 1099 reportable situations. This week let's look at one.

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

THIS MONTH'S FEATURED SUBSCRIBER ARTICLE: How to Identify a Chapter Three 1042-S Reportable Withholding Responsibility

Still confused as to what circumstances would cause your organization to become subject to U.S. 1042/1042-S reporting or withholding requirements? Here's a little primer to give you a hand.

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

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?

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

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.

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