Reportable Payments and Transactions Not Subject to Backup Withholding
- ISBN-10
- 1558719660
- ISBN-13
- 9781558719668
- Category
- Withholding tax
- Language
- English
- Authors
- Bloomberg BNA., Tax Management Inc, Carol A. Kassem
Description
... discusses payments and transactions reportable on Forms 1098 and 1099 that are not subject to backup withholding under [section] 3406. This group of forms includes those that are used to report a variety of transactions associated with the lending of money, as well as other transactions that may be significant for tax purposes. The Portfolio also covers reporting requirements applicable to large cash transactions of $10,000 or more. Guidelines for filing information returns electronically are discussed in detail.
