Federal Reporting Guide - The federal reporting guide will assist you throughout the year in determining what payments are subject to reporting, withholding and those payees that are required to be documented according to IRS requirements. Guidance includes explanations of identifying the payee as US or foreign, the general reporting requirements for each type of payment and payee status type, options for federal reporting, advantages of the IRS Combined Federal Program, TIN solicitation and certification requirements, backup withholding, mandatory withholding, B-Notices, TIN Penalty assessments, Bulk TIN Filing, as the requirements pertains to US source income and foreign payments.
State Reporting Guide - contains the reporting and transmittal information for each states requirements for all form types - including 1099, 1098, 5498, W-2G, W-2, W-2C and 1042-S. For each state, the manual covers the requirements regarding the annual information return. For a state that participates in the IRS Combined Federal State Program (CFS), the documents explain what the state will accept through the program, exceptions to the payment if certain conditions exist, direct filing requirements for those payment types NOT included in the CFS program and direct filing requirements for states that do not participate in the program.
Additionally, per state the manual covers current year quarterly reporting requirements, independent contractor reporting criteria for each state, due dates, state payment thresholds, media required, filing methods, submission address, basic withholding criteria, penalty guidelines for reporting failures and contact information.
Premium State Withholding Guide - contains information withholding requirements on all payments for 1099 MISC, 1099 INT, 1099 DIV, 1099 R, and any payment that may require state withholding. The guide also covers pension and annuity distributions for each state, due dates, state specific forms, exemptions, documentation requirements, reporting and withholding rates. This guide also includes any state specific criteria for distributions to Non Resident Aliens.
Accounts Payable State Withholding Guide - contains information withholding requirements on all payments for 1099 MISC, and other payments issued by AP business areas. The guide also covers due dates, state specific forms, exemptions, documentation requirements, reporting and withholding rates. This guide also includes any state specific criteria for distributions to Non Resident Aliens.
Federal 1042-S Withholding Guide - contains information withholding requirements on all payments for payments issued to foreign payees. The guide provides the information on properly identifying a payee as US or Foreign, required type of Form W-8 and the required information on the payee certification, federal and state withholding guidelines and reporting the payments to the IRS and requiring states.
Additional Guides Available Fall 2012!
For more information on the guides or to place you order contact us at 1-877-tax-regs ext. 0 or 410-914-5470, ask to speak to Pat Nelson or visit www.irscompliance.org or email firstname.lastname@example.org
1099 and 1042-S Federal Guides, State Reporting and State Withholding Guides
Welcome to the IRSCompliance Regulatory Publications Area. Our federal and state compliance reporting and withholding guides can assist you in determining your requirements for submitting information returns to the IRS and each state, when and what you are required to withhold from certain payments. The purchase of the guides includes support and updates throughout the year.
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