Tax & Accounting Blog

What a New IRS Change to Form 1098-T Means for Colleges and Students

What a New IRS Change to Form 1098-T Means for Colleges and Students

Among the changes that the IRS has decided to make for 2017 tax year is a change to Form 1098-T, an important record for educational institutions such as universities as well as for their students. Eligible educational institutions file Form 1098-T for each student they enroll and for whom a reportable transaction is made. They … Read More

March Tax Information Reporting Educational Webcasts

March Tax Information Reporting Educational Webcasts

This month’s webcast from Thomson Reuters ONESOURCE Tax Information Reporting features education on withholding and reporting on payments for business and professional services and performances. Educational Webcast Details: Date: Wednesday, March 5th Time: 2:00 PM ET | 1:00 PM CT | Noon MT | 11:00 AM PT Thomson Reuters Tax & Accounting Corporate Software … Read More

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Revised FATCA Foreign Financial Institution Agreement

IRS Revenue Procedure 2014-13, which will be published in the January 13, 2014, Internal Revenue Bulletin, contains the revised text of the FFI Agreement between a participating FFI (foreign financial institution) and the Internal Revenue Service under section 1471(b) of the Internal Revenue Code and § 1.1471-4 of the Income Tax Regulations. It details the … Read More