California State ACA Filing Required for Tax Year 2020

California has announced that state filing is now required for ACA forms for Tax Year 2020. We know that new requirements can be tricky, so let BoomTax help you with your state and federal filing!

We have also compiled a list of the the CA state requirements so you can be ready for January:

Continue reading California State ACA Filing Required for Tax Year 2020

Introducing Our Free ACA E-filing Service for Small Businesses

As part of our continued commitment to small businesses, we are proud to announce the launch of our FREE ACA e-filing service for select employers.

Beginning today, employers with up to 75 full-time (or full-time equivalent) employees can use BoomTax to file their IRS tax forms 1094-C and 1095-C electronically with the IRS for the 2016 tax year for FREE.

Continue reading Introducing Our Free ACA E-filing Service for Small Businesses

Common Errors for Form 1099-NEC – TY2020

Preparing Forms 1099-NEC can be difficult,  but we are here to help simplify things!

So, you:

Sounds like you are good and ready to complete and file your 1099-NEC forms.

However, before you press that print or e-file button, take a moment to review your information and forms for accuracy in order to avoid potential penalties or other problems. Continue reading Common Errors for Form 1099-NEC – TY2020

Gathering Information to Prepare Forms 1099-NEC – TY2020

Preparing Forms 1099-NEC can be difficult,  but we are here to help simplify things!

Before you prepare your Forms 1099-NEC, you will need to gather the tax information for the business or payer and recipient or payee, as well as the amounts paid to the recipient. Continue reading Gathering Information to Prepare Forms 1099-NEC – TY2020