Tax & Accounting Blog


Form 1099-K and I.R.C. Section 6050W Questions and Answers in an Online IRS FAQ

The IRS offers 30 questions and answers at to help explain who has an obligation to file information returns for 2011 under the rules for Section 6050W of the Internal Revenue Code (I.R.C.), and when and how to file those new Form 1099-K information returns. If you are one of the many Tax, Operations, and Accounts … Read More

Banks “Starting to Panic” over FATCA

Banks “Starting to Panic” over FATCA recently released an article stating that banks are now starting to panic over FATCA. According to the European Banking Federation (EBF) and the Institute of International Bankers (IIB), it has been estimated that large banks will have to spend in the region of $250 million each to contact clients and overhaul computer systems … Read More