JD Supra

Get Ready for FinCEN's Residential Real Estate Rule Report Form

Key Takeaways - As set forth in alerts and advisories from the Financial Crimes Enforcement Network (FinCEN), illicit actors intent ...
Forbes

House And Senate Propose Form 1099 Reporting Relief For Gig Workers And Those Who Use Payment Apps Like PayPal For Business

The House of Representatives and the Senate have both proposed changes in the reporting thresholds for Form 1099-K and Form 1099-NEC. The goal? Fewer forms for taxpayers. Republicans on the Senate ...
Accounting Today

IRS unveils draft 1099-DA for crypto

The Internal Revenue Service previewed a draft version of the Form 1099-DA on Friday for crypto brokers reporting on the proceeds of digital asset transactions to their customers. Processing Content ...
JD Supra

IRS Form 8937 Reporting - An Often-Overlooked U.S. Tax Reporting Requirement

As discussed in our prior blog posting, Canadian companies should be aware that, if they engage in certain “organizational actions” (as discussed below) that affect the tax basis of their securities ...
Forbes

One Big Beautiful Bill Act Changes Form 1099 Reporting For Gig Workers And Those Who Use Payment Apps Like PayPal For Business

Under the new law, reporting thresholds for Form 1099-K (for payment card and third-party network transactions), Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for ...