Breaking: IRS Removes Washington DC and Pennsylvania from CF/SF

oops, accidentally had wrong states in cf/sf

In a surprise QuickAlerts announcement, the IRS has stated that there is an error in Publication 1220 and that DC and PA should not be listed among the states that participate in combined federal/state filing or CF/SF. From the QuickAlert: “The current version of Publication 1220, (rev. 10-2022) Specifications for Electronic Filing of Forms 1097, … Read more

IRS Form 1099-DIV Guide for 2023 (TY2022)

Form 1099-DIV Guide

Before you begin preparing Form 1099-DIV filing, it is important that you know what information you need. We’ve compiled the following 4 key topics in our Form 1099-DIV Guide that may help you to correctly and timely complete your filing. What’s new for Form 1099-DIV? The 1099-DIV and instructions have been updated recently from an … Read more

Import Spreadsheet Format Guidelines for Tax Year 2022

Import spreadsheet format guidelines A Step-by-Step Guide

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

Prepare Form 1099-DIV for IRS Reporting

typing hands sideview - Prepare Form 1099-DIV

Before you prepare Form 1099-DIV, you will need tax information for the payer and payee, as well as the amounts paid to the payee. What information is needed to prepare form 1099-DIV? Payer Information You will need to include the following information on each form you prepare. Payee Information You will need to include the … Read more

IRS Corrections: What, When, Why and How?

IRS Corrections: What, When, Why and How?

Every BoomTax filing license comes with free unlimited corrections submissions. We hope you never have to use them, but you should know what they are, when to submit them, why they are necessary, and how to minimize them. What Are Corrections? After you’ve submitted your information returns to the IRS, they may come back as … Read more