Taxes

Taxes
1042-S Adds Complexity to Tax Season for Banks and Corporates
March 06, 2024

It’s March — and for many corporations and government agencies, the race is on to file a complete accounting, particularly with Form 1042-S, with the IRS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Taxes
As Tax Season Looms, Form 1042 Makes the Leap to Digital Filing
January 26, 2024

Tax season is here, and the march towards digitization of records and electronic filing continues. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Taxes
IRS Delays Requirement to Report Certain Transactions Involving Digital Assets
January 17, 2024

Businesses do not have to report certain transactions involving digital assets until the Treasury Department and the Internal Revenue Service (IRS) issue regulations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Taxes
Platforms and the Cloud Help Enterprises Achieve ‘Continuous’ Tax Compliance
January 16, 2024

It’s 2024 and, yes, the year is only a few weeks old. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Taxes
Intuit Integrates TurboTax Into Credit Karma and QuickBooks
January 08, 2024

Intuit has integrated TurboTax into two of its other products: Credit Karma and QuickBooks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Taxes
Tax Reporting Season Updates and Digital IDs Present Challenges for Businesses
December 12, 2023

Wendy Walker, solution principal at Sovos, said changes to IRS reporting that help identify firms may catch some businesses unaware.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Taxes
IRS Delays Implementation of Lower Threshold for 1099-K Reporting
November 21, 2023

The Internal Revenue Service (IRS) has delayed the implementation of the new $600 Form 1099-K reporting threshold for third party settlement organizations (TPSOs), which include payment apps and online marketplaces, for the calendar year 2023. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Taxes
1099-K Reporting Changes Shift Burden of Tax Compliance to Platforms
November 21, 2023

Changes in tax reporting loom on the horizon — though recently were delayed a bit — as more commerce moves online. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Taxes
Ryan Unveils Platform to Simplify Global Business Tax Payments
November 15, 2023

Ryan, a global tax services and software provider, has unveiled a platform that aims to revolutionize the global business tax payment process. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...