J.K. Lasser's Small Business Taxes 2018

APPENDIX AInformation Returns

1. Dividends
2. Large Cash Transactions
3. Payments to Independent Contractors
4. Pension and Retirement Plan Distributions
5. Retirement and Employee Benefit Plans
6. Small Cash Transactions
7. Wages
8. Health Coverage
9. Merchant Transactions
10. Foreign Accounts

Alert

At the time this book was completed, Congress was considering important tax changes that could affect 2017 tax returns and planning for 2018. Check the online Supplement in February 2018 at www.jklasser.com or www.barbaraweltman.com to see what changes have been enacted and when they are effective.

Businesses are in a unique position to monitor certain activities with which they are involved, and the federal government has harnessed this power by requiring certain reporting for tax and financial purposes. Reporting enables the government, where possible, to make sure that income is reported as it should be and to keep tabs on certain monetary activities.

Reporting requirements vary from return to return. Filing deadlines are completely independent of your tax year (when you file your income tax return), and many of these deadlines have been changed for information returns required to be filed for the 2017 tax year (i.e., filed in 2018). If a filing deadline falls on a Saturday, Sunday, or legal holiday, then the deadline becomes the next business day that is not a Saturday, Sunday, or legal holiday.

The following is a review of the most common business-reporting requirements, some or all of which ...