D.C. ACA Filing
D.C. now requires ACA filing for the 2019 tax year. The District of Columbia will now require all District residents to have Minimum Essential Coverage for themselves and dependents, or pay a tax penalty. The D.C. law also requires employers to submit an information return regarding Minimum Essential Coverage to the D.C. Office of Tax and Revenue. Continue reading to learn more about updates to D.C. ACA Filing.
Continue reading Now Required: D.C. ACA Filing for Tax Year 2019
The IRS has just released Notice 2018-94, which will extend the due date for some Tax Year 2018 information-reporting requirements for ALEs, insurers, self-insured employers, and certain other providers of minimum essential coverage.
As of this notice, the due date to furnish employee copies of Forms 1095-B and 1095-C has been extended from January 31, 2019 to March 4, 2019.
Good-faith transition relief from Section 6721 and 6722 penalties for Tax Year 2018 reporting is also extended.
IMPORTANT: Please note that this does not extend the IRS filing due date of April 1, 2019.
Another tax year, another filing season! With BoomTax, you don’t have to spend endless hours laboring over getting your filings prepared and submitted to the IRS. We’ve designed our process to be as simple as possible to get your ACA, 1099, and W-2 filings timely transmitted to the IRS.
Whether you’re brand new to BoomTax or have been a long-time customer, we’re always happy and eager to help you with your tax filing needs. We’ve put together a brief overview of how to timely prepare, distribute, and file your tax forms using BoomTax. Continue reading Prepare, Distribute, File: The BoomTax Quick Guide for Tax Year 2018