Tiresome Tax Troubles [Infographic]

July 1st, 2012 by Nick Green

In 2011, Convey sponsored a Tax and Regulatory Survey carried out by the Institute of Financial Operations. During a time of unprecedented change for tax information reporting professionals, we aimed to discover how organizations were currently carrying out their tax information reporting process, changes they foresaw for the future and how they were preparing for forthcoming complexities. The study presents findings from over 260 professionals and tax specialists from a broad spectrum of sectors including healthcare, financial, insurance, institutional and more. Among many other things, we discovered AP professionals take on a lot of information reporting responsibilities at their organization and live quite a worrisome life!

Tags: Infographic, IRS, tax, taxes, TIN
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Convey provides tax information reporting services and software to businesses to make IRS compliance clear and uncomplicated. U.S. federal tax advice contained in this web site is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter that is contained in this document. (iii) The taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.