Year-End Tax Reporting Information

Our updated letter regarding year-end tax reporting information is available on our website. You can download it here. You can also access it by going to our home page at www.eidebailly.com and clicking Tax Services from the Services list.

The following is a listing of the exhibits contained in the Year-End Tax Reporting document:

      Exhibit 1     Guide to Information Returns

      Exhibit 2     Payments to Outside Providers or Contractors for Business Purposes

      Exhibit 3     Nontaxable Benefits Provided to Employees

      Exhibit 4     Payments to Directors

      Exhibit 5     Employee Business Expenses and Expense Accounts

      Exhibit 6     Record-Keeping for Travel, Entertainment and Meals Expense

      Exhibit 7     Record-Keeping and Deductions for Business Vehicles

      Exhibit 8     Travel Per Diem Rates for Certain States

      Exhibit 9     Reporting Cash Payments Over $10,000

      Exhibit 10   Electronic Filing Requirements for Payroll and Information Returns When Over 250 
                        Documents

      Exhibit 11   Instructions for Filing Payroll and Information Returns (Paper Filings)

      Exhibit 12   Dues Paid to Social Associations and Clubs or for Lobbying Activities

      Exhibit 13   Energy Subsidy Payments

      Exhibit 14   Taxation and Reporting of Capital Credits from Electric and Telephone Cooperatives

      Exhibit 15   Form 1099-A Foreclosures and Abandonment of Security

      Exhibit 16   Form 1099-C Cancellation of Debt

      Exhibit 17   Form 1098-E Student Loan Interest Reporting & Form 1098-T Regarding Tuition 
                        Reporting

      Exhibit 18   Public Inspection of Tax Exempt Organizations Filings, Forms 990, 990-T, 1023, 
                        etc., and IRS Sanctions Regarding Transactions with Certain Persons (Insiders)

      Exhibit 19   Credit Card Sales

      Exhibit 20   Proceeds from Broker and Barter Exchange Transactions

      Exhibit 21   Health Care Value Reporting

We recommend you review the specific areas related to your business each year as rules change from year to year.

Our website also has a number of other informative documents and articles to help with tax planning. If you have any questions, please contact your Eide Bailly representative.