7
Jan

Form 1099 vs Form W-2: Is your Worker an Employee or a Contractor?

The tax season is in its full glory. Some might be feeling light-headed after ling all their forms, but there are some who are yet to understand how Form 1099 vs Form W-2 stands. dolore te feugait nulla facilisi. Nam liber [...]

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14
Feb

How Find Any Legal Entity’s Responsible Officers in Just 2 Easy Steps…

If you’re worried about the new beneficial officer ruling from FinCEN, then you’re reading the right article. That’s because you’re about to discover a super easy 3-step method [...]

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5
Jan

The Important 2015 Form W-2 and Form 1099 Changes

Medicaid Waiver Payments Certain Medicaid waiver payments have been termed as excludable from the income for federal income tax purposes as a di??culty for care payments. [...]

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14
Feb

How Does The Latest FinCEN Ruling Affect You?

There’s something unfolding in the finance industry that every compliance officer ought to know about. Specifically, the latest ruling from FinCEN on verifying the legal responsible officers for a business. [...]

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14
Feb

If You’re Not Worried About FinCEN’s New Ruling, You’re Not Paying Attention

I almost couldn’t believe it when I first read about FinCEN’s new beneficial officer’s ruling. I thought it had to be some kind of joke the government was playing on financial institutions. I just didn’t want to believe that the government would require institutions to find [...]

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14
Feb

What Everyone Ought to Know About FinCEN’s New Beneficial Officer Ruling

You’ve probably been searching around the web for quite some time now, trying to learn as much as you can about FinCEN’s final Customer Due Diligence ruling. Or maybe you’ve even tried searching google for legal entity customer information, but it didn’t turn out as well as [...]

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14
Feb

FinCEN Beneficial Officer Ruling: There’s More Than Meets the Eye

There’s a been a lot of buzz lately about the latest FinCEN ruling for Customer Due Diligence. Back in February of last year, FinCEN posted the final ruling on their website. Maybe you’ve already read it. If not, you can take a look at it here. It’s 62 pages of really [...]

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2
Jan

Breaking News: IRS Penalties for incorrect W-2, Form 1099 just doubled

Happy New Year from Liberty Data Realsearch & Feinsearch – the Nations Largest EIN & TIN Validation portal. We’re super excited to show you what we’ve been working on in 2015. Breaking News: IRS Penalties for incorrect W-2, Form 1099s just doubled [...]

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31
Dec

The Must Know 2015 Year End Tax Changes regarding Form 1099

The last month’s tax agreements — the Protecting Americans from the Hikes Act (PATH 2015) and the Bipartisan Budget Act of 2015 — are permanently going to impact the taxation procedure. The PATH Act gives the employers the payroll tax provisions that [...]

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27
Dec

Answers Small Business Owners Should Know about the Form 1099

The IRS is not known for making things easy. For small business owners especially, tax time is generally filled with frustration, uncertainty, and probably a few extra hours at your kick boxing class. Here are the answers to 4 of the most common [...]

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11
Dec

How Donee Reporting and TIN Matching API can be Two Great Friends

IRS is getting strict with every passing year. Throwing new compliances, acts, and forms in the way of citizens, companies, organizations and even non-citizens or oversea organizations is its new found hobby. When everyone was hoping that 2015 is about [...]

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9
Dec

Why Having a Fraud Risk Management Tool is Necessary for Online Retailers

Online retailers in the US are losing billions of dollars every year, thanks to the credit card frauds taking place. Credit card frauds aren’t that harsh on the brick and mortar businesses. For online retailers, usually the card issuers – Banks [...]

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24
Nov

How TIN Matching is the Key to Avoid Errors in IRS Form W-9

Every time you hire someone, or develop a business relationship with an independent contractor, or even just make a payment to a vendor, you become responsible to Uncle Sam. To fulfill this responsibility, you must generate an IRS form W-9 [...]

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14
Nov

Why Companies like PayPal need TIN Matching Software Right Now!

The Internal Revenue Code (IRC) has done it again! With the addition of Section 6050W to IRS, the IRC has made it mandatory for all US payment settlement entities (PSE), including online payment processors, to provide information to the IRS about [...]

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14
Nov

What We Can Learn From Recent Political Events

No doubt you have heard the name Paul Manafort over the past couple of weeks. He worked with the Trump campaign and has now been indicted on suspicion for various crimes. However, the one charge we want to look at today is how he allegedly conspired [...]

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11
Jan

Happy New Year! Now The Pressure Is On

Wendy here again. I hope that you had a wonderful holiday and that you enjoyed good food, good friends, and good times! Because now, sadly, the pressure is on to finish your 1099 filings. You only have until Jan 31! That’s 29 days away! Yikes! [...]

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20
Feb

ssn-as-a-background-check

Hiring new employees is never an easy process. You certainly want to hire the best talent but a simple interview process is never a guarantee that you will be able to tell you exactly is right for the job. Employees may look good on paper but are they [...]

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11
Apr

FinCEN’s Beneficial Ownership Decree: Are You Ready For It?

Financial institutions are constantly at risk of frauds using them as an avenue for their money-laundering activities or terrorist financing. It is becoming all the more important to put protectionist strategies in place. Various anti-money laundering [...]

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3
Jan

My End Of The Year Tip For Accountants

Wendy here from FeinSearch and RealSearch with a quick tip for getting you started this tax season. January is here, and you need to be checking and double checking all the Tax IDs in your system before you get hit with those harsh new penalties that IRS [...]

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4
Jan

Do You Know What All These Error Codes Mean?

Wendy again from Fein Search and Real Search. I want to cover some pretty basic stuff today that I get asked all the time. Did you know that the IRS has specific error codes for all the mismatching that happens when you file? Let’s take a quick look at [...]

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5
Jan

The Single Biggest Fine In The History Of The IRS

Do you know what the single most significant fine in the history of the IRS is? They ignored KYC regulations and paid a hefty fine for it. What’s this have to do with you during this tax season? Well, while I doubt you get hit with that massive of a [...]

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8
Jan

Let’s Get Back To Basics

I was just thinking yesterday about back when I was new to the corporate world. I didn’t know anything! Heavens, I didn’t even know that TIN matching was a thing. So I was wondering just how many small businesses and new accountants are aware of how strict [...]

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9
Jan

Where Did 1099 Verification Come From Anyway?

Have you ever wondered why 1099 verification is such a big deal for the IRS? The 1099 form dates all the way back to 1918 - for use in the 1917 tax form for employers to report salaries more than $800 (the equivalent of $16,650.48 in today's money) [...]

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10
Jan

What To Do When The IRS Fails You

Have you ever noticed just how often the IRS e-services are down? Well, it seems like it happens more often than is safe for someone rushing to meet a deadline for filing 1099 forms. But what can you do? You have to have your 1099s match with the IRS database [...]

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11
Jan

Are You Prepared, #FIRST#?

You’ve heard of the Boy Scouts of America, yes? Their motto is Be Prepared. I was thinking about that this morning as I was getting ready. Want to know why? It's because we’re only three weeks away from the 1099 filing deadline! I bet there are two [...]

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12
Jan

Shockingly Easy TIN Matching…

Want to know a shockingly easy way to get all your TIN matching done before the 1099 filing deadline on Jan 31? You could use the IRS e-service - with its constant downtime and incomprehensible error codes - or you could let the talented staff at REALSearch [...]

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15
Jan

Short and Sweet 1099 Info

This is going to really short. I just wanted to drop you a note and let you know that if you haven’t used FEINSearch or REALSearch in a while you really should check out us again. We’re added so many more tools and streamlined our whole process that [...]

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16
Jan

2 Weeks Until The Fines Are Released!

We are now only 2 weeks away from the final deadline for your 1099 filings. Are you ready? I know that, right now, there is an insane amount of stress happening in your life. Not only are you trying to get all the books in line and get tax info out [...]

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17
Jan

So… Who Actually Needs To Get A 1099?

I’m been getting the question a lot lately about for who businesses need to file 1099 forms. And while the standard answer of “Independent Contractors” is a little misleading.You see, in the eyes of the IRS, there is a fine line between someone being [...]

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18
Jan

More Fines Are Incoming. Are You Prepared?

You know how some people collect stamps or go bird watching to relax? I wanted to share one of my favorite pass times with you - searching google for any news on tax fines, changes to tax law, and the like. And boy did I find a whopper of a story this [...]

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19
Jan

It’s Friday...but are you ready for next week?

I’ll keep this short because it’s almost the weekend and I know I am ready for this week to be over. I’m looking forward to relaxing and not thinking about work for a few days. But… before I ruin your weekend by telling you that come Monday, we will [...]

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22
Jan

[Open To Avoid Fines] Tax Deadline Approaching

Straight to the point today: We are now only 9 days away from the 1099 filing deadline with the IRS and you can bet that a government shutdown isn’t going to stop them from laying some hefty fines down for incorrect TINs. Seriously, it’s crunch time and [...]

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23
Jan

[Avoid Hefty Fines] The IRS Is Watching Closely

It seems like the IRS is cracking down on 1099 errors. This is the 3rd year in a row that they have increased the fines for filing 1099s with wrong TIN, EIN, and SSN information. This year they increased the individual fines for each mistake to $280 [...]

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24
Jan

[Increased Fines] You MUST File by Next Wednesday!

If you haven’t checked out www.feinsearch.com or www.realsearch.com as a solution for your TIN matching needs, you really should. Here’s everything you get when you sign up with either of our sites: Instant Access after Registering. [...]

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25
Jan

[1099 Filing Deadline] Have You Done This?

We’re 4 business days away from the 1099 filing deadline. Are you ready? One of the most important things you can do before you file is to verify all of the TIN, EIN, and SSN records you need to file for. Why? Because if the information on your filed [...]

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26
Jan

[Only 3 Business Days Left] Are You Ready For The Weekend Yet?

If your week has been anything like mine, I bet your ready for the weekend to come. But… the dread of what happens next week sure could put a damper on your weekend plans. See, the 1099 filing deadline is next week. Meaning you need to have all your [...]

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29
Jan

It’s Almost Over…

Back from the weekend and time to get to work. The 1099 filing deadline is Wednesday. Are you done with all of your TIN verification work already? Will you be submitting all of your 1099s on time? Sadly, once this deadline is over, we have yet another [...]

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30
Jan

[Time is running out] Tomorrow is the deadline

I’ll keep this short because I’m sure your office is in a rush just like mine. Tomorrow is the 1099 filing deadline. If you don’t file tomorrow, you will be charged some hefty fines. And to that the fact that any errors in the TIN/EIN/SSN information [...]

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31
Jan

[Fines Are Incoming] Today Is The Deadline

Today is the 1099 filing deadline. If you aren’t ready to file, you have until the end of the day today (5:00 pm EST) to get all of your 1099s filed with the IRS. On top of that, if you want to avoid fines, you need to verify all of the TIN, EIN, and [...]

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1
Feb

[Suffering From Rejection] We Can Help

Finally, the 1099 filing deadline has come and gone. That means you can take a breather, right? Not quite. Now the rejection letters start coming. If any of your TIN, EIN, or SSN records were wrong on your 1099s, you’ll be getting a rejection letter [...]

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2
Feb

You Don’t Deserve To Be Rejected

Now that the 1099 filing deadline has come and gone (you did file on time, right?), you have a little breathing room before the next tax deadline on March 15th. Of course the issue you’ll be facing between now and then is getting rejection letters [...]

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5
Feb

Wait… I Didn’t Know That!

You know the worst thing that can happen after you hire someone? It’s when you realize that they have a criminal background AFTER they have taken advantage of you and you’re left looking at your boss, explaining how you didn’t know about this [...]

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6
Feb

I Worst Dear John I Ever Got

You know the worst “Dear John” letter I ever got? It was a rejection letter from the IRS. After I spent months getting ready to file my 1099s and the letter came telling me that I had multiple errors with the TINs I had submitted 1099s for. [...]

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7
Feb

Business Credit Reports Made Easy

Imagine if you could find out the history of business with the click of a button… No more prolonged waiting periods and no more stressing about incomplete information. Wouldn’t that be awesome? Well, with a www.REALSearch.com subscription , you could [...]

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8
Feb

Are You Making This Mistake With Your KYC Research?

I am amazed by how many people I talk to who say that Google is their #1 research tool when it comes to KYC. Can you believe that? I have nothing against using Google as a search engine, but for KYC? How can you trust that information? And, if you can’t [...]

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9
Feb

Do You Really Know Who You’re Working With?

You already know that background checks are vital for all employees but how often do you run a background check on a vendor or independent contractor? Allow me to relay a news story I heard recently I think you’ll find shocking. In Texas recently they [...]

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12
Feb

[1099 Rejections Are Incoming] Read This…

Just when you think that you’re finally done with all of that 1099 filing junk, you get a letter in the mail from the IRS. Whoops… some of your TIN records didn’t match and they rejected your filing. That means an error fee, possibly filing fees [...]

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13
Feb

[Important] IRS Fraud Alert

Scam Alert: IRS Urges Taxpayers to Watch Out for Erroneous Refunds; Beware of Fake Calls to Return Money to a Collection Agency. The IRS has issued a warning of multiple versions of a scam happening in mass volume right now. According to the [...]

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14
Feb

IRS Finally Issuing Affordable Care Act Fines

The IRS is finally getting serious about ACA fines for business who aren’t abiding by the regulations put in place under Obamacare. They have started sending out Letter 226-J, an official notice of the business being fined. This letter has been delayed [...]

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