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Posts Tagged ‘Accountant’
What Not To Wear…To an IRS Audit
On TLC's What Not to Wear Stacy and Clinton give a 'make over' to some lady that is, well…not dressed so well… Taxpayers that are being audited need to make sure they are putting their best foot forward right at the start of an IRS audit.
Field, Office and Correspondence Audits
The first thing a taxpayer needs to understand is The … Continue reading »
1099 Reporting Guidelines
January 31, 2011 is the deadline to furnish Form 1099-MISC to recipients. The 1099-MISC form is used to report more than two dozen types of payments that must be claimed as income by the recipient. This category includes payments made by businesses as fees to attorneys, service providers, and freelancers. Other types of payments covered by the 1099-MISC include reimbursement for auto expenses, awards and bonuses, commissions, prizes, and vacation allowances for nonemployees. A payer of rents and royalties must also … Continue reading »
1099 Reporting Guidelines
January 31, 2010 is the deadline to furnish Form 1099-MISC to recipients. The 1099-MISC form is used to report more than two dozen types of payments that must be claimed as income by the recipient.
