Posts Tagged ‘1099-B’
Complimentary Tax Information Reporting Event: Convey’s New York Summit
Feel like you just made it through tax season? Here at Convey we already have next tax season on our mind, and we want to share our insights with you! Next month, we are hosting a regulatory, educational event where subject matter experts will break down complex new reporting requirements,
IRS Will Focus on Key Misreporting Areas to Lower Tax Gap
In light of recent budget cuts, and most importantly, the increase in the tax gap to $450 billion, the IRS now faces the challenge of where to concentrate their limited resources in order to improve compliance. Lucky for the IRS (and their tight budget), there are some obvious problem areas –
Current Economics’ Magnifying Effect on Tax Gap Problem
One way the IRS is trying to better our $450 billion tax gap is through stricter tax information reporting requirements. Besides honing in on foreign reporting rules, there are also two new forms that have added further complexities to the 2011 tax season: Form 8949 (Sales and Other
Convey Featured in Accounting Today
When it comes to 1099 reporting, the future is uncertain. That was the underlying theme in the latest Accounting Today article, “IRS Increases 1099 Expectations,” featuring a plethora of quotes from Convey’s Executive Vice President, Troy Thibodeau. To start, new 1099-K and
Firsthand Report from the 2nd Public Hearing on the Real-Time Tax System
On Wednesday, January 25th, Convey attended the 2nd public hearing on the Real-Time Tax System initiative the IRS is proposing in Washington, D.C. We also attended the first public hearing in December, so as we learn more about this IRS initiative, we want share it with you. First of all, the
