We received an IRS levy for an individual. We have no personal account, but there is an account where the individual is the sole owner on a business account and incorporated. Does the levy effect this account? And do the new Beneficial Ownership regulations impact this at all?
This individual is really using this as a personal account and even deposits Social Security checks into it.
If we have never had an issue with IRS reporting compliance, don’t you think we’re safe?
Do I need to file a 1099-A AND a 1099-C after a foreclosure and subsequent sale of the property?
Can I rely on the IRS form’s instructions to keep me safe?
When do I really need to file a 1099-C and what can I do after that?
What is new about the W-4 Form in 2019?
What is the big deal with IRS reporting compliance?
If I have a resident alien with green card or a SSN, to complete the interest reporting would I chose a 1099 INT or still a 1042S? If its a non resident alien I fill out a 1042S, but I'm still confused on the resident aliens.
Does a business need a new EIN number if they change the business name and change the business from a partnership to a sole proprietorship?
Any consensus on how other banks may be handling HSA excess contributions due to the recently lowered HSA Family Contribution limit being lowered?