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Keep Your Records Safe

Some natural disasters are more common in the summer. But major events like hurricanes, tornadoes and fires can strike any time. It’s a good idea to plan for what to do in case of...

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Tax Tips

For individuals or businesses that are filing taxes, the deadline for both is nearing closer. Companies that filed on paper should have completed their forms last month, but for those using a 1099 processing service or other...

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, “Taxpayer Bill of Rights”

“Taxpayer Bill of Rights”

There is no such thing as a complete Taxpayer Bill of Rights, yet… Taxpayer Advocate, Nina Olson, disseminated a yearly report to the US congress strongly advising them to force the IRS to create a...

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Update: Corrections to Foreign Financial Institution (FFI) Agreement

Revenue Procedure 2014-13 (2014-3 I.R.B. 419), Published January 13, 2014, Containing Corrections to the FFI Agreement that was Released on December 26, 2013 is Now Available here.  

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Update: FATCA Financial Institution Registration

 Since the IRS FATCA registration website has become available (Aug 19 2013) financial institution registration has begun. If you have enter data into your FATCA account after Aug 19 2013, it has been saved...

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2013 E-file Record Reached

According to IRS e-file data in 2013 more than 122 million returns were filed. This amount is the highest volume of tax payers who opted to e-file since the option was made available. E-filing...

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Update: FATCA Financial Institution Registration

Since the IRS FATCA registration website has become available (Aug 19 2013) financial institution registration can begin. If you have entered data into your FATCA account after Aug 19 2013, it has been saved...

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, Managing Content in the Cloud

Managing Content in the Cloud

The “cloud” has long endured as a buzz word in the information technology and services industry, but what exactly is the cloud and how does in relate to the TSC1099 web system? The cloud...

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Just what exactly does happen if you get too far behind on your taxes?

We have heard of the stories and read headlines about fraud, evasion and being grossly behind on paying federal or state taxes. The penalties for a tax payer who has used up all available...

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, Sending out second B-Notices

Sending out second B-Notices

The purpose of sending out B-notices is to collect or verify missing Taxpayer Identification Numbers. The penalty for not sending out B-notices could result in 100 USD fine that accompanies a 972CG Notice so...

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