
INSIGHTS FROM OUR NATIONAL TAX OFFICE	JANUARY 8, 2016

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 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 1a Supplemental Information

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

Exhibit 22 Health Care Coverage 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.

Eide Bailly's National Tax Office serves as a resource for clients to help analyze complex tax issues related to business decisions. Our professionals are committed to helping clients stay informed about tax news, developments and trends through various specialty areas, including cost segregation studies, wealth transfer, state and local taxation, international tax, IRS controversy and procedures, R&D tax incentives, tax-exempt organizations, tax legislation, accounting methods and pass-through entities.

855.889.5508

eidebailly.com/tax

NationalTaxOffice@eidebailly.com

This article is intended to provide readers with guidance in tax matters. The article does not constitute, and should not be treated as professional advice regarding the use of any particular tax technique. Every effort has been made to assure the accuracy of the information. Eide Bailly LLP and the author do not assume responsibility for any individual's reliance upon the information provided in the article. Readers should independently verify all information before applying it to a particular fact situation, and should independently determine the impact of any particular tax planning technique before recommending the technique to a client or implementing it on the client's behalf. To request reprints of this publication, send a written request to RequestReprints@eidebailly.com. � 2016 Eide Bailly LLP.