Posted tagged ‘reporting’

New Section 6045B: Reporting Not Required For Corporate Subsidiaries

January 6, 2011

By Jonathan Prokup From time to time, we receive questions from readers about current topics on their minds.  One of our readers wrote earlier this week to ask about an article from Monday’s Tax Notes – 2011 Brings New Return Obligation for Corporate Actions Affecting Basis, by Amy Elliott.  The article discussed the newly effective [...]

Senate Fixes An Onerous Reporting Requirement With An Onerous Reporting Requirement?

September 16, 2010

By Dustin Covello As we’ve discussed previously at the TaxBlawg, a minor provision of the Patient Protection and Affordable Care Act – Section 9006, which dramatically expands the requirements for reporting payments on Form 1099 – has become a hot-button issue in Congress.  Prior to the law, Form 1099 reporting was not required for payments [...]

Certain Uncertainty: Congress Juggles Tax Proposals

August 4, 2010

By Jonathan Prokup Although death and taxes might, according to Benjamin Franklin, be the only certainties in this world, Congress is surely striving to add another – that is, the certainty of uncertainty.  Congress, it seems, is committed to keeping taxpayers in as much doubt as possible for as long as possible about the status [...]

What Would Happen If A Taxpayer Asks The IRS For The Same “Deal” That Timothy Geithner Got?

June 25, 2010

By George W. Connelly As my readers know, I focus my practice on representing people who have “misunderstandings” with the Internal Revenue Service.  I can’t count the number of clients who have made a comment along the lines of “get me Geithner’s deal” since it came to light that he had some significant and frankly embarrassing [...]


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