Tax & Accounting Blog

European Union establishes new commission to monitor tax base erosion efforts

European Union establishes new commission to monitor tax base erosion efforts

On April 23, 2013, the European Union announced the formation of The Platform of Good Tax Governance.  The Platform is composed of both government and non- government tax experts to keep member states on their toes and up-to-date on the current political momentum to prevent tax base erosion. The Platform is designed to foster discussion … Read More

Ask the Expert: If a payee returns prior-year money to you, do you have to “correct” the 1099-MISC you issued for that prior year?

Ask the Expert: If a payee returns prior-year money to you, do you have to “correct” the 1099-MISC you issued for that prior year?

Question: If a payee returns prior-year money to you, do you have to “correct” the 1099-MISC you issued for that prior year? Answer from Marianne Couch of COKALA Tax Information Reporting Services: This question came up in several different contexts recently. An overpayment of royalties was returned to the payer by personal check; an overpayment … Read More