Comprehensive guides on Form 1099-K, 1099-MISC, 1099-NEC, FBAR foreign account reporting, and FinCEN beneficial ownership reporting.
Understand your reporting obligations including 1099 forms, foreign account reporting, and beneficial ownership requirements.
Payment card and third-party network transactions, $20,000/200 transaction threshold (being phased down), gig economy reporting, and reconciling 1099-K with tax returns.
Nonemployee compensation (Box 1 NEC), when to issue 1099s, $600 threshold, attorney reporting, backup withholding, and penalties for non-compliance.
FBAR filing requirements, $10,000 threshold, FinCEN Form 114, Form 8938 comparison, penalties for non-compliance, and offshore account disclosure.
Corporate Transparency Act beneficial ownership information (BOI) reporting, domestic and foreign reporting companies, 23 exemptions, and filing requirements.
Note: As of March 2025, an interim rule has removed the BOI reporting requirement while legal challenges are resolved. Monitor FinCEN guidance for updates.
Failure to file required forms can result in significant penalties. Contact us for guidance on your reporting obligations.