Who Receives a Form 1099-MISC?

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. Continue reading Who Receives a Form 1099-MISC?

Penalties for Tax Year 2018 ACA, 1099 and W-2 Reporting

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.

Continue reading Penalties for Tax Year 2018 ACA, 1099 and W-2 Reporting

New Features for Tax Year 2018 – Now with W-2 Reporting

BoomTax is excited to announce the release of our Tax Year 2018 product. We’ve been hard at work to develop new features that will provide you with the same simplicity you love for even more tax forms.   Continue reading New Features for Tax Year 2018 – Now with W-2 Reporting