National Leader in Federal & State Tax Information Reporting Filing, Services Consulting, & Training
IRSC Regulatory Bulletins & Year Round Support Service
IRS Compliance publishes Periodic Regulatory Bulletins that can keep you informed on new and proposed Federal and State Regulations, current reporting and withholding requirements, IRS audit and enforcement initiatives and best practices regarding 1099, 1042-S and W-2 payments, withholding and information reporting.
Regulatory Bulletin Benefits
Staying abreast of the numerous efforts of the IRS, and state revenue agencies to modify existing or implement new regulatory requirements that impacts withholding and reporting of payments issued to U.S. and foreign payees is very burdensome and resource intensive.
Applying those requirements to internal procedures and processing can present challenges to comply and a need for answers. Our Regulatory Support and Bulletin Service provides you with year round current information on these initiatives and passed legislation, timely notices of requirements, best practices and a resource to contact for questions.
For one flat fee annually, you can subscribe to this valuable service and benefit from consistent updates on current, new and proposed initiatives and the impact those regulations may have on your procedures and practices. Being informed and prepared to comply timely to regulatory requirements reduces the possibility for financial risk associated with penalties and liability for withholdings.
IRS Compliance staff has extensive experience with federal and state regulatory law and the application of necessary procedures to comply. Our staff is comprised of experts formerly with the IRS, Big 4 accounting firms and the Tax Directors from the banking, insurance and services industry.
Regulatory Bulletins Include:
Notices on proposed withholding and reporting requirements for federal and state agencies regarding in state and out of state withholding and information reporting.
Impact on business practices to comply with proposed federal and state regulations
U.S. and Foreign Payee Documentation and Certification requirements and Procedures
U.S and Foreign Withholding
IRS Audit Initiatives
IRS TIN Matching
Best practices to comply with Federal and State requirements
IRS Compliance, Inc. is not affiliated with the United States Internal Revenue Service or any State Revenue or Taxing Agency.
IRS Circular 230 Disclaimer: To ensure compliance with IRS Circular 230, any U.S. federal tax advice provided in this communication is not intended or written to be used, and it cannot be used by the recipient or any other taxpayer: (i) for the purpose of avoiding tax penalties that may be imposed on the recipient or any other taxpayer, or (ii) in promoting, marketing or recommending to another party a partnership or other entity, investment plan, arrangement or other transaction addressed herein.