Import Spreadsheet Format Guidelines for Tax Year 2019

December 1, 2023December 5, 2019 by Ken Ham

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. Our Excel import option makes filing your data even easier, which gives you more time to review before the deadline. These templates are identical to the official IRS forms so that you can enter … Read more

Preparing Form 1099-INT: TY2019 Guide

May 18, 2023December 5, 2019 by Ken Ham

Preparing Form 1099-INT a step-by-step guide

Before you begin preparing Form 1099-INT filing, it is important that you know what information you need. This step-by-step guide identifies 5 key topics that will help you correctly and timely file your Form 1099-INT by the deadline.

Form 1099 Deadlines – IRS TY 2019

April 3, 2023December 2, 2019 by Ken Ham

1099 tax reporting deadlines, deadlines, irs, form 1099, form 1099-misc, e-file, efiling, e-filing, 1099 series, deadlines for form 1099 series

The Form 1099 deadlines vary depending on form and type of filing, electronic or paper. Form 1099 Deadlines Note: You must file electronically if you are submitting over 250 Forms 1099-MISC, -INT, or -DIV for 2019. Recipient Form 1099 Deadlines The form 1099 deadline to distribute forms to recipients is January 31, 2020. State Deadlines State … Read more

Avoid Penalties for Tax Year 2018 – ACA, 1099 & W-2 Reporting

July 3, 2023January 7, 2019 by Ken Ham

ACA Reporting, aca, efiling, efile, e-filing, e-file, affordable care act, boomtax, 1095C, 1094C, 1099, 1099 reporting, 1099-MISC, 1099-INT, 1099-DIV, Tax Year 2018, IRS, penalties, W-2, W-2 reporting, information returns, penalties for tax year 2018

Take active measures to avoid paying penalties for Tax Year 2018 by planning ahead, keeping track of your deadlines, and double-checking your information. If you fail to timely file your information returns or file them incorrectly, you could be liable for additional fines or fees. Penalties for Tax Year 2018 ACA Reporting According to the … Read more

Import Spreadsheet Format Guidelines for Tax Year 2018

December 1, 2023December 3, 2018 by Ken Ham

aca, affordable care act, information returns, wage reporting, 1099, 1099-MISC, 1099-INT, 1099-DIV, 1095-C, 1095-B, W-2, efiling, ACA reporting, irs, 1095-C Import Spreadsheet, 1095-B Import Spreadsheet, 1099-MISC Import Spreadsheet, 1099-INT Import Spreadsheet, 1099-DIV Import Spreadsheet, W-2 Import Spreadsheet, Excel Import Spreadsheet

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 … Read more

Quick Guide: Prepare, Distribute, File – Tax Year 2018

March 3, 2025November 20, 2018 by Ken Ham

We’ve put together this quick guide to help you figure out how to timely prepare, distribute, and file your tax forms using BoomTax. Check out our other Quick Guides It is important to know what information you need to begin preparing your filings. In our Step-by-Step Quick Guides for each Form, we’ve identified key topics to … Read more

New! Reduced Backup Withholding Rate

May 18, 2022October 29, 2018 by Ken Ham

backup withholding, form 1099, 1099-int, 1099-div, 1099-misc, irs, information returns

The IRS updated Publication 1281, Backup Withholding for Missing and Incorrect Name/TIN(s), last month to reflect a key change as part of the Tax Cuts and Jobs Act (TCJA). Effective January 1, 2018, the backup withholding tax rate dropped from 28 to 24 percent.

Among other circumstances, backup withholding applies when a taxpayer fails to provide their correct taxpayer identification number (TIN) to a payer or when a taxpayer underreports interest or dividend income on their federal tax return.

IMPORTANT – Deadlines are Coming! TY2017

March 3, 2025November 28, 2017 by Ken Ham

If you’ve been keeping up with our blog, you might be starting to think we sound a bit like a broken record with how often we mention deadlines for the upcoming tax season. Listen, we’re only doing it because we care about you. We cannot stress enough how important it is to know and be … Read more

Quick Guide: Prepare, Distribute, File – TY 2017

March 3, 2025November 14, 2017 by Ken Ham

Whether you’re brand new to using BoomTax or you’re just looking to refresh your memory (doesn’t Tax Year 2016 seem so long ago?), we’ve assembled a quick guide to help you prepare for the upcoming tax season! Our filing process is designed to be as simple as possible without being boring. In this article, we’ll … Read more

Penalties for Tax Year 2017 ACA and 1099 Reporting

July 3, 2023November 7, 2017 by Ken Ham

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 … Read more

Preparing Form 1099-INT: TY2017 Guide

May 18, 2023September 5, 2017 by Ken Ham

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

It is important that you know what information you need before you begin preparing Form 1099-INT. We’ve identified the following 5 key topics that may help you to correctly and timely file your 1099-INT forms with our Step-by-Step Guide. 1. Determine Who Must Receive a 1099-INT Form The IRS instructs that a 1099-INT form must be … Read more

Who Receives Form 1099-INT? – TY 2017

May 18, 2023September 4, 2017 by Ken Ham

Form 1099-INT is used to report interest income paid to a person through savings accounts, US Savings bonds, and interest-bearing checking accounts, or in the course of trade or business. Who Receives Form 1099-INT? The IRS instructs that a 1099-INT form must be completed for each person: Exceptions There are some notable exceptions that are not … Read more

File and Distribute Form 1099 – TY 2017

December 28, 2022September 4, 2017 by Ken Ham

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

Several parties will require copies of Form 1099. Form 1099 Distribution This is how printed copies should be distributed: Copy A → IRS Copy 1 → State Tax Department Copy B → Recipient Copy 2 → Recipient to File w/ State Income Tax Return Copy C → Payer Copy (for your records) When you e-file your … Read more

Information Returns – Break Down Form 1099 Series, Part 1

April 17, 2023May 3, 2017 by Ken Ham

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

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

May 18, 2023April 9, 2017 by Ken Ham

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