Blog

  • CPA Firms and Businesses Hope for a Repeal of 1099 Requirements

    Congress has returned from its August and recess and wasted no time getting down to business.  Yesterday, the Senate cleared a hurdle to pass It’s Mini-Tarp, aka the Small Business Bill.  After the cloture vote passed, the Republicans could not stop it.  They then turned their attention to amendments to the bill. One issue they tried to tackle was to to ease…

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  • Bye, Bye Paper Tax Coupons

    Do you still file your  taxes using paper coupons.  If so, you may need to convert over to the IRS EFTPS electronic payment system.  The IRS has published a proposed regulation (REG 153340-09), that would eliminate the rules for making deposits via paper coupon.  After Dec. 31, 2010 the paper coupon system, maintained by the…

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  • 1099s Still a Go for All Business Transactions

    Congress has returned from its August and recess and wasted no time getting down to business.  Yesterday, the Senate cleared a hurdle to pass It’s Mini-Tarp, aka the Small Business Bill.  After the cloture vote passed, the Republicans could not stop it.  They then turned their attention to amendments to the bill. One issue they tried to tackle was to to ease…

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  • Backtracking on 1099 Reporting Requirements

    Last week Heather M. Rotham published an article Congress Urged to Scrap New Form 1099 Reporting Requirements, in whcih she outlines why it is not a given that new 1099 reporting requirements will go into effect.  Previously we did a post here and here on the new 1099 reporting requiremnts. In her article, Heather outlines the action the US…

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