1099
How to Prepare Your 1099-K Recipients for the 2022 Reporting Season
Editor’s note: This blog was updated on November 27, 2023 Update: Since this content was published, the IRS released additional guidance further delaying and making
Category: 1099
1099
The Great Resignation to the ‘Great Confusion’ — What It Means for 1099s
The Great Resignation may technically be behind us, but the ripple effects are far from being complete. More than ever people are pursuing a side
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5 Tips for Communicating Form 1099-K Changes
Editor’s note: This blog was updated on November 27, 2023 Update: Since this content was published, the IRS released additional guidance further delaying the implementation
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Understanding Changes in Form 1099-K Reporting for 2023
Update: Since this content was published, the IRS released additional guidance further delaying and making changes to the implementation of the lowered Form 1099-K reporting
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Take Advantage of Real-Time TIN Matching
Every 1099 form transmitted to the IRS has the potential to become a costly penalty; these penalties can be alleviated with proactive TIN matching. For
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Tax and Unclaimed Property for Mergers and Acquisitions
Mergers and acquisitions (M&A) have always been inherent in the financial institution landscape but have recently increased at an unprecedented pace. A recent Fortune.com article
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IRS Clarifies Form 1099-K Reporting Changes for Crowdfunding Payments
Editor’s note: This blog was updated on December 28, 2022 Update: Since this content was published, the IRS released guidance that the implementation of the reduced
1099
Insights from Tax Year 2021 Form 1099-NEC Reporting
The tax season isn’t over yet, but one of the biggest organizational reporting challenges is behind us– issuing and filing of Form 1099-NEC for payments
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More Changes to Form 1042-S
No matter the size of the business, the tax season kicked off this past month with tax reporting professionals tackling the massive task of issuing
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Protected: Latest Updates: State Direct Reporting Requirements for Form 1099-NEC
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1099
Are you Ready for 1099 Tax Reporting Season?
Editor’s note: This blog was updated on November 13, 2023 The 2023 1099 tax reporting season is rapidly approaching, and the changes and updates are
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Important eFile Threshold Changes Could be Coming for 2021 Tax Reporting Season
The IRS issued Proposed Regulations in September that included a reduction to the required electronic filing threshold for businesses from 250 information returns to 100
1099
How Accounting and Finance Teams Can Face the ‘Great Resignation’
As offices around the world begin to reopen after nearly 18 months of employees working from home, many buildings aren’t as full as they used
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Top 5 Proposed Changes in Crypto 1099 Reporting Guidance
The hotly anticipated crypto 1099 information reporting tax law changes may finally come to light this week. In an interesting twist to the bipartisan infrastructure
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5 Ways to Improve Back Office Financial Systems for 1099 Tax Reporting
Finding all-in-one back office systems to help manage the day-to-day operations of a financial institution or insurance company can seem like an impossible task. Having
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Tips to Minimize Risk for Form 1099-K Reporting
Editor’s note: This blog was updated on November 27, 2023 Update: Since this content was published, the IRS released additional guidance further delaying and making
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Managing Form 1099-NEC Reporting After Publication 1220
Form 1099-NEC changes in 2020 Since the IRS released Publication 1220, announcing that Form 1099-NEC—for nonemployee compensation—would not be included in the Combined Federal/State Filing
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How to Navigate Increased Crypto Tax & Compliance Obligations in 2021
“Regulation always follows innovation, and sometimes, in democracies, it follows a little further behind other jurisdictions.” – Chris Giancarlo, CFTC Chairman Regulators at the IRS,