Prepare Form 1099-NEC – Gathering Information TY 2020

Gather Information to Prepare Form 1099-NEC

We know that it can be difficult to prepare Form 1099-NEC,  but we are here to help simplify things!

Before you prepare your forms 1099-NEC, you will need to gather the tax information for the business or payer and recipient or payee, as well as the amounts paid to the recipient.

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Preparing Form 1099-NEC: TY2020 Guide

Preparing Form 1099-NEC

When preparing Form 1099-NEC filings, it is important that you know what information you need to gather. This step-by-step guide identifies 5 key topics that will help you correctly and timely file your Form 1099-NEC.  What’s New for 2020? The PATH Act accelerated the due date for filing Form 1099 that includes nonemployee compensation (NEC) … Read more

Gathering Information to Prepare Forms 1099-MISC – TY2020

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Preparing Forms 1099-MISC can be difficult,  but we are here to help simplify things! Before you prepare your Forms 1099-MISC, you will need to gather the tax information for the business or payer and recipient or payee, as well as the amounts paid to the recipient. What’s New for 2020? Redesigned Form 1099-MISC. Due to … Read more

Preparing Form 1099-MISC: TY2020 Guide

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

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

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Preparing Form W-2: TY2020 Guide

Preparing Form w-2 a step-by-step guide

It is important that you know what information you need before you begin preparing Form W-2. We’ve identified the following key topics that may help you to correctly and timely complete your W-2 filing with our Step-by-Step Guide. 1. Determine Who Must Receive a Form W-2 The IRS instructs that a W-2 form much be completed … Read more

Prepare for ACA Reporting: TY2020 Guide

Prepare for ACA Reporting

It is important that you know what information you need before you begin to prepare for ACA reporting. We’ve identified the following 7 key topics that may help you to correctly and timely complete your ACA filing before the furnishing and filing deadlines. 1. Identify Common Law Employees First, you will need to identify all … Read more

Preparing Form 1095-C: TY2020 Guide

preparing form 1095-c a step-by-step guide

Before you begin to prepare your ACA reporting, it’s important that you know what information you need in preparing Form 1095-C. This step-by-step guide identifies key topics that will help you correctly and timely file your Form 1095-C ACA reporting. 1. Identify common law employees The IRS defines an employee as anyone who performs services … Read more

Prepare, Distribute, File

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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. Whether you’re brand new to BoomTax or have been a long-time customer, we’re always happy to help with your tax filing needs. With this in mind, we’ve put together … Read more

Preparing Form W-2c: TY2020 Guide

Preparing Form W-2c A Step-by-Step Guide

Form W-2c is used to correct misinformation on Forms W-2, W-2AS, W-2CM, W-2GU, W-2VI, or W-2c. In this guide, we will walk you through the information required when preparing Form W-2c. What information can I correct with a Form W-2c? Form W-2c is typically used to correct name, SSN, and/or wage information for an employee … Read more

Preparing Form 1095-B: TY2020 Guide

Preparing Form 1095-B a step-by-step guide

Preparing Form 1095-B It is important that you know what information you need before you begin preparing form 1095-B for ACA reporting. We’ve identified the following key topics that may help you to correctly and timely complete your Form 1095-B with our Step-by-Step Guide. 1. Identify Responsible and Covered Individuals First, you’ll need to identify … Read more

Preparing Form 1099-MISC: TY2019 Guide

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

Before you begin preparing your Form 1099-MISC reporting, it is important that you know what information you need to gather. This step-by-step guide identifies 5 key topics that will help you correctly and timely file your Form 1099-MISC by the deadline.  What’s New for 2019? Redesigned Form 1099-MISC. Due to the creation of Form 1099-NEC, … Read more

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