CCH has expanded its Tax Prep Partner Series of online tax research products with a new Information Returns title.
The new title delivers step-by-step analysis for 37 different tax forms covering requirements for income tax transaction reporting affecting the tax liability of payees.
Tax Prep Partner Series: Information Returns addresses tax preparation topics such as interest, dividend and original issue discount reporting (1099-INT, 1099-DIV, 5452, 1099-PATR, 1099-OID, 8281); income tax reporting; pension and IRA reporting (1099-R); real estate and property reporting (1099-A, 1099-S, 1098); broker reporting (1099-B, 1099-S); miscellaneous income reporting, including higher education expense reporting, FinCEN reporting, governmental reporting rules (1099-MISC, 1099-G, W-2G, 1099-S, W-2, 1098-E, 1098-T, FinCEN 101, 102, 103, 104, 105, 107, 109, 110); foreign entity and foreign account reporting (5471, 5472, 8865, 3520); electronic filing requirements; and penalties.
Tax Prep Partner Series users can access references to primary authority and links to filled-in forms, interactive research aids, calculators, charts, checklists and toolkits. Selected titles can be accessed directly through ProSystem fx Tax, CCH’s award-winning tax preparation and compliance software.
Tax professionals also benefit from Tax Prep Partner’s productivity-enhancing features, including an interactive glossary that provides a “quick definition” for a searchable list of tax terms with links into the relevant explanations. An interactive Q&A format provides a “quick answer” to specific questions with links to longer relevant explanations. Also included are checklists, worksheets and practice aids. The system provides quick access to Federal Tax Day stories related to federal income tax compliance developments. All filled-in forms and examples are housed in a convenient tool for quick reference and access.
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