T.D. 10053 says payment platforms backup withhold only after a seller tops $20,000 and 200 transactions and a TIN is missing. See the rules.
Recent Taxbytes
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The Social Security Administration has eased some of its new identity verification requirements and delayed
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The IRS personnel shake-ups continue. Approximately 7,000 probationary IRS employees who were terminated in February
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In a rare regulatory win that tax professionals can actually celebrate during the height of
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The U.S. Treasury Department announced on March 2 that it will no longer enforce the
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Beneficial ownership reporting requirements are back in effect, and most companies will have a new
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The IRS’s Direct File program is still here, despite some confusion on social media. On
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The Federal Disaster Relief Act of 2023 (enacted December 12, 2024) introduces significant modifications to
