information reporting

information reporting

Reports provided to the IRS but which do not carry with them any liability for income taxes from the reporting entity. Partnerships and subchapter S-corporations must file information returns,closing agents must report real property purchase price information regarding the seller (Form 1098), and real estate brokers must report earnings of their agents (Form 1099).

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(TSX VENTURE: FLY; OTCQX: FLYLF) has sold an Automated Flight Information Reporting System (AFIRS) to a new commercial airline customer in the People's Republic of China, the company said.
The IRS is requesting nominations (www.irs.gov/Tax-Professionals/ Information-Reporting-Program-Advisory-Committee-(IRPAC)Open-Season) for membership in the Information Reporting Program Advisory Committee for a three-year term beginning in January 2017.
The Internal Revenue Service (IRS) issued Notice 2016-4, which extends the deadlines for the 2015 information reporting requirements under the Affordable Care Act (ACA).
Treasury Department (USDT) and the Internal Revenue Service (IRS) released final rules to implement the information reporting provisions for insurers and certain employers under the employer mandate provisions of the ACA.
New York, NY, May 06, 2014 --(PR.com)-- Banking analytics, risk and compliance pioneer, iCreate, today announced a strategic partnership with tax information reporting leader, Convey Compliance Systems, Inc., to help global banks accelerate their FATCA compliance initiatives.
The proposed rules implement the employer and insurer information reporting requirements under the Affordable Care Act and are critical in the administration of the individual and company shared responsibility payments.
The IRS then issued Notice 2013-45, which provides transition relief through 2014 from: 1) the information reporting requirements applicable to insurers, self-insuring employers and certain other providers of minimum essential coverage under Section 6055 of the Internal Revenue Code (IRC); 2) the information reporting requirements applicable to large employers under Section 6056; and 3) the employer shared responsibility provisions under Section 4980H.
BANKING AND CREDIT NEWS-October 16, 2012--Bank of America Merrill Lynch migrates to new information reporting system(C)2012 M2 COMMUNICATIONS http://www.m2.com
M2 EQUITYBITES-October 16, 2012--Bank of America Merrill Lynch migrates to new information reporting system(C)2012 M2 COMMUNICATIONS http://www.m2.com
The regulations also clarify the rule that owners of disregarded entities--except for qualified subchapter S subsidiaries (QSubs)--are responsible for backup withholding and information reporting under Sec.
In late October, the Information Reporting Program Advisory Committee (IRPAC) released its 2010 Report, which is an annual report that includes recommendations on a wide range of tax administration issues.

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