Paying Affiliates? Your 2026 Guide to Commission Accounting and 1099 Compliance
IRS rules require Form 1099-NEC for affiliates paid $2,000 or more in 2026 — collect W-9s before the first payout or face 24% backup withholding.
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Tax Compliance
Stay compliant with tax regulations and filing requirements
Bonded Premises vs. Tax-Paid Tasting Room: A Craft Distillery's Guide to Booking Federal Excise Tax Correctly
Spirits in bond carry no excise tax; removal to a tasting room triggers $2.70–$13.50 per proof gallon. Book it as inventory cost so your ledger ties to TTB.
The IRS Wants to Interview You About Unpaid Payroll Taxes: How to Survive the Form 4180 Interview
Form 4180 is the IRS interview deciding whether unpaid payroll taxes become your personal debt under Section 6672 — bring records, answer briefly, get counsel.
Your Form 5500 Extension Runs Out October 15: Penalties, Form 5558, and the DFVCP Fix
October 15 is the extended Form 5500 deadline — miss it and penalties run $250/day IRS plus up to $2,739/day DOL, unless you file under the DFVCP.
Freelance Interpreter Taxes: Your Agency 1099 Is Not Your Tax Bill
Agency 1099s report gross pay with zero withholding — the IRS still wants income tax plus 15.3% self-employment tax. Set aside 25–30% per job.
Don't Charge Sales Tax on That Gift Card (Yet): When the Tax Is Really Due
US gift card sales are tax-free — sales tax applies at redemption on the full price, at the current rate in the redemption state.
How Holiday Bonuses Are Taxed: The 22% Rule, Gross-Ups, and the Cash-Gift Trap
The IRS allows a flat 22% withholding on separately paid bonuses, but FICA adds 7.65% and cash gifts are always wages. Gross-up math and a year-end checklist.
Nominee 1099s: What to Do When Income Reported Under Your EIN Belongs to Someone Else
Got a 1099 for income that isn't yours? File a nominee 1099 and Form 1096, then subtract the pass-through on Schedule B or C to avoid a CP2000.
How Big an Employee Discount Is Tax-Free? The Section 132(c) Limits Every Employer Should Know
Section 132(c) caps tax-free employee discounts at 20% for services and your gross profit percentage for goods — the excess is W-2 wages.
Illinois SB 3019: The 10% Targeted Digital Ad Tax and Your 2027 Ad Budget
Illinois taxes targeted-ad providers 10% on gross receipts from Jan 1, 2027; agencies and sellers face higher CPMs without filing the tax.
Maldives' Tourism Tax Just Hit 17%: A Bookkeeping Wake-Up Call for Guesthouses and Small Tour Operators
Maldives TGST rose to 17% on 1 July 2025 and reaches foreign sellers on 1 Oct 2026 — how guesthouses keep TGST, Green Tax and MIRA 206 returns right.
Nigeria E-Invoicing for Medium Taxpayers: A Guide to the NRS Merchant-Buyer System
Nigerian firms with ₦1–5 billion turnover must clear B2B invoices on the NRS MBS platform since July 1, 2026; enforcement and penalties begin in Q1 2027.