Showing posts with label report. Show all posts
Showing posts with label report. Show all posts
Saturday, November 18, 2023

Another Backup Withholding Story

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  We talked not too long ago about backup withholding. What is it? Think Forms 1099 and you are mostly there. The IRS wants reporting ...
Sunday, November 5, 2023

Another Runaway FBAR Case

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  Let’s talk about the FBAR (Report of Foreign Bank and Financial Accounts). It currently goes by the name “FinCen Form 114.” This thing h...
Tuesday, October 31, 2023

A Short Story About Connecticut Unemployment Reporting

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I read that the Governor of Connecticut has signed a bill repealing certain additional payroll reporting requirements otherwise slated to st...
Monday, May 22, 2023

Tax Preparer Gives Gambler A Losing Hand

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  I am looking at a bench opinion. The tax issue is relatively straightforward, so the case is about substantiation. To say that it went o...
Sunday, June 26, 2022

You Received An IRS CP2000 Notice

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I read a considerable amount on a routine basis. It might be fairer to say that I skim, changing it to a read if I think that something migh...
Sunday, February 20, 2022

Reporting Income Below A 1099 Filing Requirement

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  I am looking at a case that reminded me of a very recent telephone call with a client. Let’s talk about the client first. It is tax se...
Sunday, January 16, 2022

Mean It When You Elect S Corporation Status

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I am looking at an odd case. I see that the case went to Tax Court as “pro se,” which surely has a great deal to do with its general incoh...
Sunday, October 3, 2021

Uber Driver Failed To Report Income

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I am reading a case concerning an Uber driver who ran afoul of Form 1099 requirements. The amounts at issue were impressive.            ...