Implications of IRS-ICE Data Sharing
The IRS-ICE data-sharing agreement signed on April 7, 2025, is a historic and controversial shift in U.S. tax and immigration […]
Understanding Form 1099-HC for Massachusetts Residents – Why this form is needed for state healthcare compliance.
Massachusetts residents who file state income taxes may receive Form 1099-HC each year. This form plays a key role in
Casino Compliance: Managing W-2G and 1042-S Reporting for Gambling Winnings
Casinos in the U.S. have specific IRS reporting obligations when it comes to gambling winnings. The two primary forms involved
How Educational Institutions Should Properly Report Form 1098-T for Tuition Statements
Educational institutions must use Form 1098-T, Tuition Statement, to report information about tuition and related educational expenses. This form helps
Understanding IRS Form 1040-NR for Nonresident Aliens
IRS Form 1040-NR is used by nonresident aliens to report U.S. source income and calculate taxes owed or refunds due.
How to Handle an IRS CP2000 Notice for Underreported Income
Receiving a CP2000 notice from the IRS can be unsettling, but it’s not an audit and doesn’t necessarily mean you
Cross-Border Payments Compliance: When to Issue Form 1042-S vs. Form 1099
Navigating U.S. tax reporting rules for cross-border payments can be tricky — especially when deciding whether to issue a Form
ACA Reporting Update: Federal Changes for 1095 Forms
Under the ACA, employers and insurers must file information returns to report health coverage to the IRS and provide copies
TIN Matching: Ensuring Error-Free 1099s and W-2s
When it comes to filing year-end information returns like Forms 1099 and W-2, accuracy matters. One of the most common
Restaurant Tip Reporting 101: Year-End Compliance with Form 8027
Restaurants that serve food and beverages where tipping is customary have specific year-end reporting requirements — and Form 8027 is