Michaela Porterfield
The IRS has released the latest updates to Publication 1220 for Tax Year 2025, which governs the electronic filing of information returns. Several significant changes affect how filers should prepare for the next two filing seasons and transition toward the Information Returns Intake System (IRIS). Below is a clear breakdown of what has changed and … Read more
IRS Penalties can happen for a number of reasons, including forgetting to file, not filing by the deadline, not furnishing forms, or not offering coverage for ACA filing. IRS Penalties for ACA Forms Both types of ACA filings, B-series and C-series, require that the filer submit a return to the IRS, any applicable states, and … Read more
We’ve created Excel import spreadsheet templates to help you easily upload all of your 1095-B and 1095-C, 1099, and W-2 data. These templates are identical to the official IRS forms so that you can enter the information just as you would on paper. General Import Spreadsheet Guidelines For more in-depth or specific validation errors, you can … Read more
Today, the Internal Revenue Service (IRS) published the yearly AIR Production cutover schedule for the TY 2025. The temporary shutdown will impact all transmissions related to the Affordable Care Act (ACA), including corrections and replacements. AIR Production Cutover Schedule The shutdown for production will begin on Sunday, December 7, 2025 at 12am Eastern time. AIR … Read more
The IRS has announced the annual shutdown / cutover schedules for the FIRE and IRIS systems for Tax Year 2025 (Filing Season 2026). During the cutover, all filing activities, including corrections and replacements for FIRE and IRIS, will be temporarily stopped. FIRE & IRIS Production Cutover Schedules The temporary shutdown for FIRE production will begin … Read more
Staying ahead of the 2026 deadlines is essential for businesses preparing ACA, 1099, and W-2 filings. This guide highlights the key dates you need to know to stay compliant and avoid costly penalties while helping you plan, prepare, and file with confidence. Basic Information At the end of each year, employers must be sure they … Read more
Along with federal filing, employers must be aware of Form W-2 State filing requirements for any applicable states. Filing Form W-2 with the Social Security Administration (SSA) is only part of year-end payroll. Many states also require employers to submit Form W-2 state copies and, in many cases, an annual reconciliation. Missing a state step … Read more
Form 1099-C, Cancellation of Debt, is filed when an applicable entity cancels a debt that is owed to them. This article goes over who must file Form 1099-C, when to file it, what information is required, and other common questions. What Is Form 1099-C? Form 1099-C, Cancellation of Debt, is filed for each debtor for … Read more
IRS Form W-2G is used to report gambling winnings and any federal income tax withheld from those winnings. There are different reporting and withholding requirements depending on the type of gambling, the amount of the winnings, and the ratio of winnings to wager. What is Form W-2G? Form W-2G, Certain Gambling Winnings, is used to … Read more
If you withhold federal income tax from non-payroll payments, like pensions, gambling winnings, or backup withholding, you may need to file Form 945. Filing this form correctly and on time is key to staying compliant with the IRS. One common question employers and payers have is: where do I mail Form 945? Let’s walk through … Read more