Form 1099 Archives | EA Journal

Can a Taxpayer Deduct Payments if no Form 1099 Is Issued?

Tax Court

Can a Taxpayer Deduct Payments if no Form 1099 Is Issued?

The United States Tax Court recently took up an interesting case which, on its surface, seems a run-of-the-mill case (it is a memorandum decision). However, it has some interesting perspectives related to documentation of payments to contract... Thomas Gorczynski, EA, USTCP

Sept/Oct 2021, Tax Court, Nurumbi v. Comm., subcontractor, nonemployee, Uber, Form W-9, Tax Cuts and Jobs Act, PayPal, Form 1099-NEC, Schedule C, Form 1099, Form 1099-MISC

Excluding Medicare Waiver Payments from Income

Feature Article

Excluding Medicare Waiver Payments from Income

The Internal Revenue Service (IRS) has provided guidance on the tax treatment of certain payments to individual care providers for the care of eligible individuals under a state Medicaid waiver program in IRS Notice 2014-7.i The prog... Laurie W. Ziegler, EA

Mar/Apr 2021, Feature Article, §1915(c), Notice 2014-7, HCBS, Form W-2, home and community-based services, Schedule C, earned income tax credit, Social Security, EITC, SECURE Act, caregiver, Notice CP 2000, Medicare, Form 1099-MISC, Medicaid, Wisconsin, waiver, §131, Form 1099

Feature Article

Anti-Money Laundering: A Primer

The Problem Despite the prevalence of credit and debit cards, Cash App, and Venmo, cash still is, in many circles, king (or queen). As of November 11, 2020, there was US$2.01 trillion in circulation.Ellie Nava-Jones, EA

Mar/Apr 2021, Feature Article, AML, Schedule 1, anti-money laundering, Washington, immigrants, Financial Bank Account Reporting, TIN, marijuana, PATRIOT Act, FBAR, Form 8300, FinCEN, Bank Secrecy Act, Form W-2, CTR, SAR, Colorado, BSA, cash-intensive business, Form 112, Form 1099, Form W-3