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
Both Forms W-2 and 1099-MISC are annual wage reports required to be sent to workers and the SSA or IRS by employers for tax reporting purposes. However, the form used to report those wages will depend on the classification of the worker, specifically whether they are an employee or non-employee. Continue reading W-2 vs. 1099-MISC: How to Report Wages
Both Forms 1095-B and 1095-C are used in Affordable Care Act reporting, but there are some key differences in each form and deciding which you need in order to report your data. Continue reading 1095-B vs. 1095-C: What’s the Difference?
The IRS has begun the ACA Penalty Process for Tax Year 2015. If you have received an IRS Letter 226-J, you have 30 days from receipt of the letter to send your response. Reasonable extensions may be requested and it is best to do so as soon as you expect you will need the extra time. Continue reading IRS Letter 226-J: What You Need to Know