| CCH: Information Returns |
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| Written by The Progressive Accountant | |||
| Tuesday, 21 June 2011 02:40 | |||
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Information Returns, a new title in the Tax Prep Partner Series, delivers analysis for 37 different tax forms covering requirements for income tax transaction reporting affecting the tax liability of payees. This includes interest, dividend and original issue discount reporting (1099-INT, 1099-DIV, 5452, 1099-PATR, 1099-OID, 8281).
Also covered is income tax, pension and IRA (1099-R), real estate and property (1099-A, 1099-S, 1098); and broker reporting (1099-B, 1099-S). The publication also analyzes miscellaneous income reporting, including higher education expense reporting, FinCEN reporting, governmental reporting rules, foreign entity and foreign account reporting and electronic filing requirements and penalties.
Among features in the series are an interactive glossary, interactive Q&A, checklists and checklists, worksheets and practice aids. Federal Compliance Developments provides access to Federal Tax Day Stories while Filled-in Forms houses all such forms and examples for quick reference and access. Price: $243. Tax Professional Library customers receive a 50-percent discount. CCH: (888) 224-7377.
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About the Author: Brett Owens is CEO and Co-Founder of Chrometa, a Sacramento, Calif.-based provider of software that records activity in real time. Previously marketed to the legal community, Chrometa is branching out to accounting prospects; gains include the ability to discover previously undocumented billable time, save time on billing reconciliation and improve personal productivity. Brett is also blogger and founder at CommodityBullMarket.com and ContraryInvesting.com, as well as a regular contributor to two leading financial media sites, SeekingAlpha.com and BeforeItsNews.com. |