Tax & Accounting Blog

IRS Releases New FAQs to Help Payers Understand the New Tax Reporting of Form 1099-K (I.R.C. Section 6050W)

IRS Releases New FAQs to Help Payers Understand the New Tax Reporting of Form 1099-K (I.R.C. Section 6050W)

The IRS has revised and updated the Frequently Asked Questions (FAQs) posted on the IRS website for payers who need to know about Form 1099-K reporting.  The updated FAQs are at http://www.irs.gov/newsroom/article/0,,id=249029,00.html. They cover developments as recent as the postponement of the start of backup withholding on Form 1099-K payables (to the beginning of 2013 instead … Read More

Fernando Calvo Awarded Master of Corporate Real Estate Designation

Fernando Calvo Awarded Master of Corporate Real Estate Designation

Fernando Calvo was awarded the Master of Corporate Real Estate (MCR) designation from CoreNet Global.  According to the CoreNet Global website, the MCR designation provides essential skills that focus on critical business issues and the mission of the corporate real estate (CRE) organization in relation to corporate goals. This designation communicates special competence and … Read More

Thomson Reuters Survey Reveals a 51 Percent Increase in Indirect Tax Resources

Thomson Reuters Survey Reveals a 51 Percent Increase in Indirect Tax Resources

A new Thomson Reuters survey finds a 51 percent increase in the resources global companies allocate to manage indirect tax compliance as compared to five years ago.  Concern over U.S. government’s need to raise revenue through taxes has prompted companies to optimize their indirect tax management function, with 88 percent claiming they are ready to … Read More

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New W-9 (Rev. Dec 2011) Released

Over the past nine months, the IRS received multiple complaints about the recently released W-9 (Rev. Jan 2011). Criticism centered on the tax classification area, where the word, required, was added. This led filers to believe that the tax classification section was mandatory, where, in fact, it is not. Due to the high number of complaints, the IRS released a … Read More