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IRS News

Check back here frequently for the latest news on tax developments and new rules and regulations from the Internal Revenue Service. The IRS is always producing regulations and guidance for tax preparers and practitioners to follow, while increasingly coordinating on an international basis with tax authorities abroad on both individual and business tax compliance.

IRS Warns Businesses Not to Get Caught in Backup Withholding

The Internal Revenue Service has issued a notice warning businesses not to get caught in backup withholding if the name and taxpayer identification number submitted on a Form 1099-K doesn’t match the IRS’s other records. Read more »



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