Tax & Accounting Blog

Ask the Expert: The W-9 in response to B Notice does not have a signature

Ask the Expert: The W-9 in response to B Notice does not have a signature

Question: We received a new Form W-9 from a vendor, in response to the “First” B-Notice letter we sent them after the vendor was on our recent B-Notice list from the IRS showing that the taxpayer ID number we used on the last Form 1099-MISC for this vendor didn’t match the vendor name. But we … Read More

Local Government Reorganization In Indiana

Local Government Reorganization In Indiana

Effective 07/01/2013, the bill specifies: After a reorganization a political subdivision may establish funds and impose tax levies A merged township may use funds to pay the indebtedness of the new government, make improvements to infrastructure, transfer funds to a transportation corporation, improve fire departments, establish an equipment replacement fund and reduce terms of township … Read More

IRS Releases Drafts of W-9, W-8BEN and W-8BEN-E Forms

IRS Releases Drafts of W-9, W-8BEN and W-8BEN-E Forms

The IRS has released their initial draft of the new Form W-9 as well as the second drafts of the W-8BEN and W8-BEN-E forms. It is helpful to look at these draft forms now and determine how your organization will go about implementing their use when the final versions are issued. There are implementation deadlines … Read More

Amendment To Washington Filing Requirements For Improvements To Benefit Fish And Wildlife Habitat

Amendment To Washington Filing Requirements For Improvements To Benefit Fish And Wildlife Habitat

Washington State legislation recently amended the filing requirements for the property tax exemption for improvements to real and personal property that benefit fish and wildlife habitat, water quality, or water quantity. The new legislation provides that: (1) the claim for exemption must be filed on or before October 31 during the year for exemption in … Read More

All IRS Operations Closed on Five “Furlough Days”

All IRS Operations Closed on Five “Furlough Days”

The Internal Revenue Service has announced that all IRS operations will be closed on May 24, June 14, July 5, July 22 and August 30, 2013. This includes all IRS offices nationwide, including all toll-free hotlines for taxpayer assistance, the National Taxpayer Advocate Service, and the nearly 400 taxpayer assistance centers. IRS employees are furloughed … Read More