Tax Information Reporting Evaluations for Income Tax Withholding
Tax information reporting — the preparation of Forms 1098, 1099, W-2, and 1042-S — is a growing concern for many businesses. Certain types of U.S. income tax withholding are increasingly subject to audit and the Internal Revenue Service (IRS) indicates an enhanced focus on U.S. tax withholding and information reporting requirements by organizations across various industries.
Deloitte’s Global Information Reporting and Withholding (GIR) group can assist you in managing the challenges of preparing, filing, and following up on Forms 1098, 1099, W-2, and 1042-S. We start with a diagnostic review of your tax information reporting and withholding processes — a Tax Information Reporting Evaluation (TIRE) study.
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