10
June

Complying With FinCEN and Customer Due Diligence (CDD)

The Customer Due Diligence (CDD) Rule put into effect on May 11, 2018 by The Financial [...]

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10
June

TIN Matching on Your 1099 Tax Forms

Matching Tax ID Numbers (TINs) with their correct counterpart names [...]

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10
June

Know Your Customer (KYC) and its Benefits to Your Company

Know Your Customer (KYC) is vital for banks and financial institutions to understand thoroughly. [...]

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03
June

Understanding Due Diligence

Due diligence is a part of each of our lives, although we may not even realize it. Essentially, due diligence, when boiled down to its core, is the act of taking care to make sure a business [...]

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4
June

How to Prevent Synthetic Identity Fraud

Synthetic Identity Fraud ranks as one of the three most detrimental risks to have ever faced the banking industry, and, even worse, it may act as a door to possible terrorist activities. [...]

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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, [...]

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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, [...]

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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.[...]

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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. [...]

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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. [...]

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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 [...]

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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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