Visit here often for the latest industry news and information concerning tax related events.
Compliance Update
7/10/2013
The IRS started mailing 972CG penalty notices in July 2013 regarding 1099's with missing or incorrect TIN/Name Combinations. A 972CG is a NOTICE OF PROPOSED CIVIL PENALTY. A simple way to prevent this costly penalty is to verify that your informatio...
Introducing eFileMyForms!
4/28/2013
California now requires 7% withholding and quarterly reporting by any individual or entity making payments of more than $1,500 of California Source Income to any organization or individual who is a non-resident of California and does not have a perma...
1099 Pro Expands its Services with Easy, Electronic Reporting of New, IRS-Required 1099-K Forms
Soon after the IRS announces mandatory reporting of merchant card and third-party payments, 1099 Pro, Inc.one of the largest filers of information retu...