Dec 5, 2014 | Business Taxes, Filing Taxes, Information Return, Tax Reporting
Information return reporting requirements have been in place for many years, but the IRS has recently become stricter when it comes to enforcement. Penalties for late filing have been significantly increased, and you could now be hit with a $200 fine for a late or...
Dec 5, 2014 | Business Taxes, Filing Taxes, Information Return, Tax Reporting
There are different information returns for a variety of transactions. The process can be confusing; for example, there are 12 1099 forms that are all used for different purposes. It is a good idea to look for advice from a respected accountant in Arizona if you don’t...
Dec 5, 2014 | Business Taxes, Filing Taxes, Information Return
You normally need to file any of the 1099 forms with the IRS by Feb. 28, but recipients should receive copies by Jan. 31. The reporting requirements can be rather complicated. One part of the process involves obtaining a W-9 (Request for Tax ID Number) from any payee...
