by Christy Mollhoff | Jan 31, 2017 | In the Press, Peak Points
1098 Forms and Seasonal Addresses 1098 forms for the 2016 tax season require information regarding borrower address compared to collateral address on loans. Box 7 may be incorrectly checked on the 1098 form if a Seasonal Address is being used. For example, the...
by Christy Mollhoff | Jan 10, 2017 | In the Press, Peak Points
End of Year 1099-MISC Reporting changes IRS Publication 1220 states a change for the 2016 tax year when reporting nonemployee compensation payments in Box 7 of the 1099-MISC tax form. If your Financial Institution has 1099-MISC forms with Box 7 information, they...
by Brent Reynolds | Dec 7, 2016 | In the Press, Peak Points
Opportunity to review collateral addresses and descriptions with 2016 changes to the 1098 Forms. The IRS requires that the address or description of the property securing a mortgage is reported on the 1098 forms for 2016. Fiserv has released a program that creates...
