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One payment that’s never reportable


March 11, 2009 by Carol Katarsky
Posted in: 1099s, Hiring & training staff, In this week's e-newsletter, Latest news & views, Tax compliance

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

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Why a new Form 1099 is in your future


February 13, 2009 by Carol Katarsky
Posted in: 1099s, Best practices, Communication, Electronic payments, Hiring & training staff, In this week's e-newsletter, IRS regs, Latest news & views, Tax compliance

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

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Easy cures for the ‘missing’ tax form blues


January 29, 2009 by Carol Katarsky
Posted in: 1099s, Best practices, Communication, In this week's e-newsletter, Internal controls, Latest news & views, Tax compliance

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.

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IRS changes how you handle certain year-end reporting


December 17, 2008 by Carol Katarsky
Posted in: IRS regs, Special report, Tax compliance

Just in time for year-end, IRS has thrown a rule change at you.

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Is it time to ask for updated W-9s?


December 10, 2008 by Carol Katarsky
Posted in: 1099s, Best practices, Communication, Hiring & training staff, In this week's e-newsletter, Internal controls, IRS regs, Latest news & views, Tax compliance

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?

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Did IRS’ ‘honor system’ for independent contractors work?


December 9, 2008 by Carol Katarsky
Posted in: 1099s, Communication, In this week's e-newsletter, IRS regs, Latest news & views, Tax compliance

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?

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IRS wants more security for employee & contractor TINs


November 21, 2008 by Carol Katarsky
Posted in: 1099s, Best practices, Communication, Fraud prevention, Hiring & training staff, In this week's e-newsletter, IRS regs, Latest news & views, Tax compliance

Is this a blessing or a curse for your department? 

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Pop-quiz: Are you ready for these 5 year-end curveballs?


November 19, 2008 by Carol Katarsky
Posted in: 1099s, Best practices, Communication, Hiring & training staff, In this week's e-newsletter, IRS regs, Latest news & views, Tax compliance

It’s not the usual year-end stuff that’ll trip you up — it’s the never-heard-that before questions that can throw you for a loop.

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New deadline for certain 1099s — are you ready?


November 11, 2008 by Carol Katarsky
Posted in: 1099s, Best practices, Communication, In this week's e-newsletter, Internal controls, IRS regs, Latest news & views, Tax compliance

If you’re planning to follow IRS’ deadline of Feb. 17 for filing some 1099s, you’ll be late.

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New specs for substitute 1099s, W-2Gs and more


October 31, 2008 by Carol Katarsky
Posted in: 1099s, Communication, In this week's e-newsletter, Internal controls, IRS regs, Latest news & views, Tax compliance

Make sure your forms are up to date for Tax Year 2008 filing.

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