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1099 / 1042-S
Q. My team recently realized the 1042 form for TY 2021 and 2022 were not filed with the IRS.… Read More
Q. Our company is paying a landowner for Trasnmission Line Easement in the United States. This landowner resides in Norway (lived in Norway his entire life and is not a U.S. citizen. Are there tax
… Read More
The One Big Beautiful Bill has been signed into law, bringing with it three changes to information reporting. We had told you about these potential changes several weeks ago when the bill was still a
… Read More
Q.
What is the amount that should be reported to an ex-employee in this following scenario. Note:… Read More
With payment methods like Zelle, Venmo, PayPal, and Cash App blurring the lines between business and personal payments, it’s harder than ever to know when a 1099-NEC is required, or whether a
… Read More
A change to the $600 reporting threshold is in both the House and Senate versions of the so-called “Big Beautiful Bill”.
The versions of the bill in both the House and the Senate call for
… Read More Q.
Our institution purchases online access to journal publications from vendors regularly. In some… Read More
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Is a 1042-S required to be provided/filed, if no payments are actually made? We operate a… Read More
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We have paid a settlement on a matter between our company and two plaintiffs, collectively.… Read More
Q. We submitted a file of three 1099-SB's (for tax year 2024) to the new IRS system, IRIS, via our… Read More
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