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By Pam Miller Using the IRS TIN matching system decreases the number of B notices AP receives, which decreases the risk of fines and penalties. TIN matching will tell you when you have an incorrect

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2010 was a busy year for 1099 reporting. During the year, Congress passed new laws expanding who is reportable, which purchase payments are reportable, and how to report purchasing card payments. The

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How would your organization react if the IRS pushed up the 1099-filing deadline by weeks or even months? Before you start panicking, the deadline has not been changed. Organizations must still

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For organizations that misclassify their employees as independent contractors, now may be the best time to come clean. A new IRS program allows violators to reclassify their employees voluntarily

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If you pay a U.S. person for nonemployee services, you report on a 1099-MISC. If you pay a foreign person for the same services performed inside the U.S., you report on a 1042-S. Most accounts… Read More

The Internal Revenue Service (IRS) requires that businesses request a Form W-9 (“Request for Taxpayer Identification Number”) in order to elicit a taxpayer identification number (TIN). If no W-9

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Reporting foreign payments to the IRS can be a headache even if you have all the correct documentation. Determining how much to withhold – or if you should withhold at all – does not always come

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Note: The FIRE System is on the Internet at http://fire.irs.gov. Key Links for Filing Information Returns Electronically (FIRE) IRS FIRE Information Page Filing Information Returns Electronically

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Are you issuing a 1099 to the hotels in which your company’s employees stay? A little understood fact about hotels is that despite their bearing names like Marriott, Sheraton or other recognizable

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As a result of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA), all employees are required to report their new hires and rehires to a state directory. All fifty

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