Broker Reportable Items List Previous regulations required brokers to report transactions consisting of as little as one silver dime. However in 1992, The Industry Council for Tangible Assets (ICTA), a nonprofit association dedicated to the rare coin, currency, and precious metals industry,successfully...
IRS 1099-C box items include: Date of the event Amount of debt discharged Interest (if included) Debt description Whether you are personally liable for the debt (recourse loans) Identifiable event code (such as bankruptcy, foreclosure, etc.) ...
The parties must account for all of the plan’s economic benefits, including items such as imputed interest on Hammock’s premium payments, table 2001 reportable economic benefits depending on the policy terms and—very important—Don must actually pay his share of the annual premium cash payment....
If the “transferor” (seller) is a corporation or a government unit (e.g., if the property is sold at a county auction),the transaction is not reportable. The transaction is not reportable if the total money, services, and property received are less than $600. There are a few other ...