Posts Tagged "tax compliance"
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 enter data into your FATCA account after Aug 19 2013, it has been saved...
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Benefits of going paperless with financial documents
By eliminating paper and automating your accounts payable and accounts receivable processing you will lower you time and cost per invoice. This is one process that every company must deal with on a day...
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Notice 2011-38_IRS Introduces Shortened TIN Option
What started out as a pilot program now appears to be a permanent change. The IRS permits filers to use an abbreviated version of the Tax Identification Number (TIN). This program was introduced to...
Read MoreJust 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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How the Affordable Care Act changes Tax Reporting
Since the Affordable Care Act has been implemented many things remain uncertain surrounding its functionality. It has put many changes into action and also created many unforeseen externalities for Americans. However, one that was...
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IRS Issues Mortgage Insurance Regulations
The IRS has issued mortgage insurance regulations for form 1098. Although the provision under IRC §163(h)(3)(E) has not been extended beyond 2013, IRS has issued final regulations (Complete Service Subscribers see the attached document...
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IRS Releases IRSAC Annual Report
Each year the Internal Revenue Service Advisory Council (IRSAC) releases a report outlining their advice on issues regarding tax administration called the IRSAC Anual report. This report was released on Nov 20 2013...
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Form 1099-R New Distribution Code
For tax year 2013, the IRS has added a new distribution code for Form 1099-R. Use Distribution Code D to identify non-qualified annuity payments and distributions from life insurance contracts that may be subject to tax...
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