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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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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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New 1099 Reporting Requirements Revisited

In a previous post Welcome to Healthcare Tax Compliance Hell, a little known clause that was slipped into the Health Care legislation, was highlighted.  This clause required that any taxpayer, with business income,  is required to issue a 1099 form to any, and all vendors that they purchase goods or services from, and spend more…

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SC Businesses Payroll News, Hiring Illegals and SC Law

In 2008 SC passed a law to address the issue of businesses placing illegal workers on the payroll as employees.  The law is being implemented in two phases.  The first phase was for larger businesses (those with greater than 100 employees) and the second phase is for businesses with less than 100 employees. The law requires that…

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