Are YOU required to file 1099s?

You may have a Form 1099 filing requirement for the 2015 tax year. Every entity or person engaged in a trade or business is required to file an information return for payments made to another person in the course of the payer's trade or business totaling $600 or more in the calendar year for service...
Read More

Foreign Account Tax Compliance Act (FATCA)

FBAR/FATCA Compliance Foreign banks from around the world are sending letters to account holders that they believe have, or had, a U.S. tax nexus (or other U.S. connection) requesting information to determine whether such account holders have disclosed their foreign bank accounts to the Internal Rev...
Read More