Penalties for Tax Year 2017 ACA and 1099 Reporting

No one likes having to pay additional fines or fees, especially when they are avoidable. This tax season, you can take active measures to avoid potential penalties by planning ahead, verifying information, and distributing forms in a timely manner.

Penalties are charged for failure to timely file tax or information returns, or for filing incorrect returns. They vary depending on the type of return. Continue reading Penalties for Tax Year 2017 ACA and 1099 Reporting

BoomTax 1095-C Import Spreadsheet Format Guidelines

To help you quickly and easily import your employee data, we have created an Excel spreadsheet template that contains all of your 1095-C data in a standard format. This format closely mirrors the 1095-C forms, so your benefits / payroll provider should be somewhat familiar with the information required to populate this spreadsheet.

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IRS AIR Test Scenario XML ISS-UI Sample Files

*Note: This post references older test files. The newest XML files are located here:

2016 UPDATE: IRS AIR Test Scenario XML ISS-UI Sample Files

 

As part of our commitment to give back to the community, we have decided to open source our IRS AIR Test Scenario XML sample files that can be used for the ISS-UI system.

What are these files?

These files are XML files that are required by the IRS before you can start submitting your data to their production system. Unfortunately, the IRS hasn’t released these to the public, so it’s extremely difficult to figure out how to change your output to match a format you can’t see. With these files, you will be able to diff the output of your system to verify that your XML file format is correct.

Continue reading IRS AIR Test Scenario XML ISS-UI Sample Files