Verify employer EIN or recipient SSN by using IRS TIN Verification. Checks against the most up to date Tax Identification Number according to the IRS.
Preparing Forms 1099-INT and 1099-DIV can be difficult, but we are here to simplify things! We have compiled this list to help ensure that you don’t make these common errors for Form 1099-INT and 1099-DIV. Background Information To reduce errors for Form 1099, it’s important to know what these forms types are and how they … Read more
January 2018 is fast approaching!
Here at BoomTax, we are hard at work preparing to release our Tax Year 2017 product. You may have noticed a few changes to our homepage. If you haven’t already, create your free account today and keep an eye out for our announcement coming soon!
In the meantime, here are a couple of tips to help you and your employees prepare for the upcoming tax season.
Once you have determined your common law employees and your total of full-time employees, an important detail in completing your ACA reporting is verifying your employees’ taxpayer identification numbers (TIN).
Failing to include an employee’s TIN, or providing the wrong TIN, could result in having your filing rejected, requiring corrections, re-issuing of employee copies, and potential penalties from the IRS. It is crucial to verify that you have the correct employee TIN information in order to avoid such consequences.
We created TINCorrect in order to help employers accurately file their IRS information returns.
So, you:
Sounds like you are good and ready to complete and file your 1099-MISC forms.
However, before you press that print or e-file button, take a moment to review your information and forms for accuracy in order to avoid potential penalties or other problems.
So, you:
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 moment to review your information and forms for accuracy in order to avoid potential penalties or other problems.