A recent private letter ruling clarifies one time when checks to workers aren’t reportable on W-2s or 1099s.

Read the rest of this entry »

Tags: 1099s, A/P, Employment tax, Hiring & training staff, Independent contractors, IRS, Payroll, Tax compliance, Tax filing, W-2s

Want a sneak peek at whom IRS is auditing this year?

Read the rest of this entry »

Tags: A/P, Audits, Best practices, Communication, Employment Taxes, Enforcement, Hiring & training staff, Independent contractors, IRS, Payroll, Tax compliance

The feds are shaking up up your well-oiled Accounts Payable procedures.

Read the rest of this entry »

Tags: 1099s, Corporate credit cards, Electronic payments, Information returns, IRS, New rules, Purchasing cards, Tax compliance, Tax filing

The nature of the worker/company relationship is one key in determining if a payment is 1099-reportable. But this artist took things a bit too far.

Read the rest of this entry »

Tags: 1099, A/P, Court rulings, IRS, Lighter side

You’d think workers who set their own hours and don’t report directly to anyone at your company would be independent contractors. But you’d be wrong.

Read the rest of this entry »

Tags: A/P, Employee classification, Independent contractors, Legal trouble, Payroll

The good news: The form itself is mostly unchanged. But there are a few administrative changes you need to be aware of.

Read the rest of this entry »

Tags: 1099, A/P, Best practices, IRS, Resource, Tax compliance, Tax filing

Once you send out your W-2s and 1099s you can be sure of one thing: calls from people who “lost” theirs and need you to send a duplicate.

Read the rest of this entry »

Tags: 1099s, A/P, Best practices, Communication, Payroll, Tax compliance, Tax filing, W-2s

Any A/P pro worth his or her spreadsheets knows that a little pre-year-end prep can make the entire process easier. But is it worth it to ask every vendor for an updated W-9?

Read the rest of this entry »

Tags: 1099s, A/P, Best practices, Internal controls, IRS, Year-end

Last year, IRS began telling suspected under-reporters of income that they should either refile their 1040s, or ask payers to “fix” their 1099s. Did it actually work?

Read the rest of this entry »

Tags: 1099s, IRS, Tax compliance

Companies using e-filing for their federal tax returns set a new record in ‘08.

Read the rest of this entry »

Tags: E-filing, IRS, Tax compliance, Technology