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May 17, 20221 min read

New IRS FAQs for file sharing during LB&I Audits

The Internal Revenue Service (IRS) published a set of Frequently Asked Questions (FAQs) related to the Large Business and International (LB&

Apr 25, 20221 min read

Publication 519 For Use in Preparing 2021 Returns is Now Final!

On April 20, 2022, the Internal Revenue Service (IRS) posted a final version of Publication 519, U.S. Tax Guide for Aliens, for use in prepa

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

Apr 5, 20221 min read

April 2022 IRS Memo Reissues Interim FATCA Guidance Memo

On April 1, 2022, the Internal Revenue Service (IRS) published a Memorandum for all Large Business and International (LB&I) employees that r

Mar 17, 20221 min read

2022 Update to Publication 5190!

On March 15, 2022, the Internal Revenue Service (IRS) published a 2022 revision of Publication 5190, International Data Exchange Services (I

Mar 4, 20221 min read

2022 Publication 515 is now final!

On March 3, 2022, the Internal Revenue Service released Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities,...

Mar 2, 20221 min read

Instructions for Form 941 (Rev. March 2022)

On February 28, 2022, the IRS published Instructions for Form 941 (Rev. March 2022), Employer's QUARTERLY Federal Tax Return. Among the new

Mar 2, 20222 min read

January 2022 Revision of Publication 1220!

On February 28, 2022, the IRS published a new version of Publication 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3

Feb 23, 20222 min read

2022 Twos-day Update to QI/WP/WT FAQs!

On February 22, 2022, (2/22/22), the Internal Revenue Service (IRS) updated FAQ9 and FAQ10 regarding periodic certifications of Qualified In

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

Feb 9, 20221 min read

DRAFT Publication 519 For Use in Preparing 2021 Returns!

On February 2, 2022, the Internal Revenue Service (IRS) posted Publication 519, U.S. Tax Guide for Aliens, for use in preparing 2021 returns

Jan 19, 20221 min read

Don't forget the new 2022 Form 1099-K threshold!

The American Rescue Plan Act of 2021 lowered the threshold for reporting on Form 1099K, Payment Card and Third-Party Network...

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 15, 20211 min read

2022 Form 1042-S!

On December 13, 2021, the IRS published 2022 Form 1042-S. There are a number of changes to codes:

Dec 15, 20212 min read

Form 1099-NEC Continuous Use Form!

On December 14, 2021, the IRS published Form 1099-NEC (Rev. January 2022), a continuous use form. The boxes align a bit differently from the

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 18, 20211 min read

DRAFT 2021 Instructions for Form 1042

On November 16, 2021, the IRS published DRAFT 2021 Instructions for Form 1042, Annual Withholding Tax Return for U.S. Source Income of Forei

Nov 18, 20211 min read

IRS Public Key for FATCA Filing

On November 17, 2021, the IRS reminded users that the Public Key for FATCA filing will expire soon.

Nov 12, 20212 min read

Third early release of DRAFT Form W-4R and fourth (probable) release of DRAFT Form W-4P!

On November 9, 2021, the IRS published a third early release of DRAFT Form W-4R, Withholding Certificate for Nonperiodic Payments and Eligib

Nov 4, 20211 min read

DRAFT Instructions for Form W-7 (Rev. November 2021)

On November 3, 2021, the IRS published DRAFT Instructions for Form W-7, Application for IRS Individual Taxpayer Identification Number to be

Nov 3, 20211 min read

October 2021 Revision of Publication 1167!

On November 1, 2021, the IRS published Publication 1167, General Rules and Specifications for Substitute Forms and Schedules.

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

Nov 3, 20211 min read

DRAFT 2022 Instructions for Forms 1099-R and 5498!

On November 1, 2021, the IRS published DRAFT 2022 Instructions for Forms 1099-R and 5498, Distributions From Pensions, Annuities, Retirement

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.

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