How and When to Report

How and when to report your ACA, 1099, and W2 forms. State specific requirements, excel templates, how to gather recipient information, and step by step guides to meet your employer requirements.

Gathering Information For IRS Form 1099-MISC – TY2017

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irs, form 1099, form 1099-misc, e-file, efiling, e-filing

Before you prepare or distribute your Form 1099-MISC, you will need the tax information for the business or payer and recipient or payee, as well as the amounts paid to the recipient. A. Business Information You will need to include the following information on each Form 1099-MISC form you prepare. B. Recipient’s Information Before completing … Read more

Who Receives a Form 1099-MISC?

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irs, form 1099, form 1099-misc, e-file, efiling, e-filing

Form 1099-MISC is used to report payments to non-employees. A non-employee is defined as a person or business who is not employed by your company, such as independent contractors, freelancers, or outsourcing companies. This includes persons such as cleaning services, IT support, or maintenance services.

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IRS 1099 Tax Reporting Deadlines for Tax Year 2017

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IRS Deadline for Form 1099 Reporting The deadline for paper filing 2017 Form 1099s with the Internal Revenue Service (IRS) is February 28, 2018, with the exception of 1099-MISC with Box 7 reporting. The deadline for electronic filing 2017 Form 1099s with the IRS is April 2, 2018, with the exception of 1099-MISC with Box … Read more

Information Returns – Form 1099 Series, part 2

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form 1099, 1099, irs forms, irs, information returns

An Information Return is a tax form used to report to the federal government, non-payroll related payments made from a business, agency or person to another person or company. You also must furnish copies of the information returns to recipients for payments reported. Failure to file the information returns by specified due dates could result … Read more

Information Returns – Break Down Form 1099 Series, Part 1

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1099 series part 1

No matter if you are a large corporation or a small business owner, chances are you will need to file an information return of some sort each year. It is not always easy to determine which form is needed for which situation. We have broken down the Form 1099 series to help provide a description … Read more

E-Filing IRS Forms with FIRE System – 2017

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If you need to file Forms 1096, 1097, 1098, 1099, 3921, 3922, 5498, or W-2G, you may have the option of e-filing IRS forms with the FIRE System (IRS Filing Information Returns Electronically System). E-filing IRS forms is a requirement if you need to file 250 or more information returns. They also encourage filers to … Read more

Common Errors for Form 1099-INT and 1099-DIV – IRS TY 2017

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Common Errors for Form 1099-INT and 1099-DIV, irs, form 1099, form 1099-int, form 1099-div, common errors, e-file, efiling, e-filing

Before you submit your filing, you should review your information to avoid potential fines. Common errors for Form 1099-INT and 1099-DIV can be easy to avoid. So you’ve: Sounds like you are good and ready to complete and file your 1099-INT and 1099-DIV forms. However, before you press that print or e-file button, take a … Read more

IRS Form 8809 – E-filing Extension

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filing extensions, IRS, IRS forms, form 1099, form 8809, aca, affordable care act, 1095-C,

BoomTax now provides a streamlined filing extension service directly from your account. You should file an extension Form 8809 as soon as you know one will be necessary, but not before January 1 of the filing year. If you require a second filing extension, this request must be filed on paper and cannot be electronically filed. IRS Form … Read more

Prepare, Distribute, E-File

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Not sure how ACA filing works? Want to make sure you’re ready for the upcoming tax season? You’re in luck! We have created a high level overview of the BoomTax ACA filing process from start to finish. Our process is designed to be as simple as possible, and we’re actively working to make it even … Read more

ACA Deadline Extension for TY2016

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ACA Deadline Extension

Today, the IRS announced an ACA deadline extension for issuing employee copies for tax tear 2016. ACA Deadline Extension Notice 2016-70 extends the due date for furnishing the 1095-C forms to the employees from January 31, 2017 to March 2, 2017. Although the IRS has issued this automatic 30-day extension, they still encourage employers to … Read more

Looking for an ACA filing solution? IRS TY 2015

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If you’re looking for an ACA filing solution, look no further. Let BoomTax do the work for you, so you can get your ACA filing done in a timely manner before the deadlines. As an employer, you’ve spent countless hours shopping around for affordable health care that meets all of the ACA requirements and you’ve … Read more

IRS Announced Updated ACA Deadlines for TY 2015

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Calendar deadline

Recently, the IRS has announced updated ACA deadlines for tax year 2015. Updated ACA Deadlines On December 28th, the IRS released updated ACA deadlines as follows: The IRS has also noted that extensions will not be available in addition to the new deadlines: Importantly, the IRS explained that because the new deadlines are available to … Read more

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