A TIN matching service, such as Aatrix eFile, can work seamlessly with your payroll and accounting software. Choose the TIN Matching Report and submit your files, and the system will check for any discrepancies and inform you so that you can verify the information with your recipient and correct it.
DHS To End COVID-19 Temporary Policy for Expired List B Identity Documents
Beginning May 1, employers will no longer be able to accept expired List B documents for Form I-9. In March, U.S. Citizenship and Immigration Services (USCIS) said it would discontinue the temporary policy that allowed employers to accept expired List B documents for Form I-9.
ICE announces extension to I-9 compliance flexibility
The in-person verification process was suspended to accommodate remote employees during …
In April, the IRS sent CP2100 and CP2100A notices to banks, credit unions, businesses or payers who filed returns that don't match IRS records.
These information returns include:
Form 1099-B, Proceeds from Broker and Barter Exchange Transactions
Form 1099-DIV, Dividends and Distributions
Form 1099-G, Certain Government Payments
Form 1099-INT, Interest Income
Form 1099-K, Payment Card and Third-Party Network Transactions
Form 1099-MISC, Miscellaneous Income
Form 1099-NEC, Nonemployee Co…
A 1099-K is a transaction record from third-party payment networks such as PayPal or Venmo and credit card providers. They fill out the 1099-K and send copies to the IRS, state and person receiving the payments. The objective is to ensure people report their business income on their tax returns.
An entities are required to file and send a 1099-K if it transfers at least $600 to you during the year. The $600 threshold is an aggregate, meaning that even if different people send you small amount…
The 1099-G form is used by government agencies to report payments made to businesses or individuals to the Internal Revenue Service (IRS). This does not include wages. The most common use is to report unemployment compensation or tax refunds.
Have You Fallen Victim To A Fraudulent Unemployment Claim?
Things to look for:
While you were still employed your employer notifies you that they received a request for information about an unemployment claim in your name.
A government agency mailed…