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Apr 22, 20222 min read
IRS Begins Sending Notices CP2100 and 2100A!
In case you missed it, the Internal Revenue Service (IRS) announced that beginning in mid-April, it will be sending out Notices CP2100 and 2
Mar 21, 20222 min read
Incorrect or Missing Forms W-2 or 1099
On March 21, 2022, the Internal Revenue Service published an important Covid Tax Tip 2022-43 regarding incorrect or missing Forms W-2 or 109
Feb 22, 20221 min read
2022 General Instructions for Certain Information Returns are now final!
In addition to the updates in our December 2021 post on the DRAFT General Instructions found here, the FINAL version includes information re
Jan 12, 20222 min read
Backup Withholding Deadlines Are Here!
Don't forget your backup withholding deadlines related to Form 945, Annual Return of Withheld Federal Income Tax, and information returns on
Dec 20, 20211 min read
DRAFT 2022 General Instructions for Certain Information Returns!
On December 16, 2021, the IRS published DRAFT 2022 General Instructions for Certain Information Returns (Forms 1096, 1097, 1098, 1099, 3921,
Dec 13, 20211 min read
Forms 1099-MISC, 5498 and 1099-R!
On December 10, 2021, the IRS published a few Forms 1099 of note.
Nov 17, 20211 min read
2022 IRW Penalties
On November 8, 2021, the IRS published Revenue Procedure 2021-45, which includes information return penalties for tax year 2022.
Nov 3, 20211 min read
October 2021 Revision of Publication 1220!
On November 2, 2021, the IRS published Publication 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, a
Sep 29, 20211 min read
IRS Released the Publication 1220
On September 27, 2021, the IRS released the Publication 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 54
Sep 15, 20211 min read
DRAFT Forms 1099-MISC and NEC
On September 13, 2021, the IRS published DRAFT Forms 1099-MISC and NEC. Although the changes are few and subtle, they are worth noting.
Apr 19, 20212 min read
1099 Errors & Corrections
Now that Forms 1099 have been filed for the year, it is time to consider any errors noted and the corrections required.
Feb 5, 20211 min read
2021 Increase in Information Reporting Penalties
Reminder! The information return penalties have increased for tax year 2021. Here are the changes from 2020 to 2021.