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Feb 2, 20223 min read
Forms 1042-S Deadlines are Coming!
Forms 1042-S, Foreign Person's U.S. Source Income Subject to Withholding, are due on March 15, 2022. As withholding agents prepare these fo
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...
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 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.
Dec 3, 20211 min read
2021 Form 945
On November 30, 2021, the IRS published the 2021 Form 945, Annual Return of Withheld Federal Income Tax.
Dec 3, 20211 min read
Form 1099-INT and OID
On December 1, 2021, the IRS published Instructions for Forms 1099-INT and 1099-OID and the forms themselves revised for January 2022.
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 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 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
Oct 13, 20211 min read
Form W-8BEN-E (Rev. October 2021) and Instructions are now final!
On October 12, 2021, the IRS published a final October 2021 revision of Form W-8BEN-E and Instructions for Form W-8BEN-E.
Oct 7, 20211 min read
Instructions for Form W-8ECI (Rev. October 2021) are now final!
On October 5, 2021, the IRS published a final October 2021 revision of Instructions for Form W-8ECI.
Oct 5, 20211 min read
2021 Form 1042-T Is Here!
On October 4, 2021, the IRS published the 2021 Form 1042-T Transmittal Form. Have a look at the 2021 form here
Oct 5, 20211 min read
Instructions for Form W-8BEN (Rev. October 2021) are now final!
On October 4, 2021, the IRS published a final October 2021 revision of Instructions for Form W-8BEN. Check-in with your withholding certifi
Oct 5, 20211 min read
Form W-8ECI (Rev. October 2021) is now final!
On October 4, 2021, the IRS published a final October 2021 revision of Form W-8ECI. This means that within six months, withholding agents a
Oct 1, 20211 min read
Instructions for Form 8233 (Rev. October 2021) are now final!
On September 30, 2021, the IRS published final Instructions for Form 8233 (Rev. October 2021).
Oct 1, 20211 min read
Form W-8BEN (Rev. October 2021) is now final!
On September 30, 2021, the IRS published a final October 2021 revision of Form W-8BEN.
Sep 22, 20213 min read
Keeping Rules Fresh – Electronic Delivery of Recipient Statements
During the offseason it is always a good idea to check in on general information reporting rules that may go unnoticed.
Aug 31, 20212 min read
DRAFT Form W-8BEN and Instructions!
On August 30, 2021, the IRS published a DRAFT Form W-8BEN and Instructions. Similar to the recently published DRAFT Forms W-8ECI and IMY
Jul 9, 20211 min read
New DRAFT 2022 Form 1099-DIV
On July 2, 2021, the IRS published a DRAFT 2022 Form 1099-DIV. This new form includes the following key changes: The 2022 Form 1099-DIV...
Jun 30, 20212 min read
Preview the DRAFT 2021 Pub. 1179
On June 28, 2021, the IRS published a DRAFT Pub. 1179, General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498