Step-by-Step guide on reporting your ACA, 1099, and W2 forms to the IRS as an employer. Find your specific use case by tax year specific articles on how to efile plus much more.
It is important that you know what information you need before you begin preparing Form 1099-DIV. We’ve identified the following 5 key topics that may help you to correctly and timely file your 1099-DIV forms with our Step-by-Step Guide. Determine Who Must Receive a 1099-DIV Form The IRS instructs that a 1099-DIV form must be generated … Read more
It is important that you know what information you need before you begin preparing Form 1099-MISC. We’ve identified the following 5 key topics that may help you to correctly and timely file your 1099-MISC forms with our Step-by-Step Guide. Determine Who Must Receive a 1099-MISC Form The IRS instructs that a 1099-MISC form must be completed … Read more
Before you prepare or distribute your Form 1099-MISC, you will need the tax information for the business or payer and recipient or payee, as well as the amounts paid to the recipient. A. Business Information You will need to include the following information on each Form 1099-MISC form you prepare. B. Recipient’s Information Before completing … Read more
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
Not sure how ACA filing works? Want to make sure you’re ready for the upcoming tax season? You’re in luck! We have created a high level overview of the BoomTax ACA filing process from start to finish. Our process is designed to be as simple as possible, and we’re actively working to make it even … Read more