Two Important Changes To I-9 Compliance
Posted on May 09, 2022
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 …
Category: News and Announcements
How To Avoid Receiving A CP2100 or CP2100A Notice From The IRS
Posted on May 09, 2022
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…
Category: News and Announcements
What You Need To Know About The 1099K For 2022
Posted on May 09, 2022
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…
Category: News and Announcements
1099-G: How To Help If An Employee Has Fallen Victim To A Fraudulent Unemployment Claim
Posted on April 18, 2022
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…
Category: News and Announcements
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