TINCorrect: Employee and Vendor Verification in 2024

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Avoid receiving TIN errors on your filings by using a TIN validation tool, like TINCorrect prior to submitting your filing. What is TINCorrect? TINCorrect allows you to verify SSNs (Social Security Numbers) or company EINs (Employer Identification Numbers) prior to submitting your tax forms to the IRS. Submitting tax forms with the wrong TIN information … Read more

Why You Should Be Using TIN Verification to Avoid Setbacks

TIN Verification Avoidance Steps

Year-end tax reporting can come with a multitude of worries, such as incurring fines and penalties with your ACA, 1099, and W-2 filings. Many of these fines could be avoided with Tax Identification Number (TIN) Matching (TIN Verification). This can be a useful tool that filers don’t take advantage of. What is TIN Verification? TIN … Read more

Avoid These Common Errors for Form 1099-INT and 1099-DIV

Hand Stop Sign - Common Errors for Form 1099-DIV and 1099-INT

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

Tax Tips for IRS Filing in 2023 (TY 2022)

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Since tax year 2022 coming to an end that means that the filing season of 2023 is right around the corner. With that in mind, we have compiled this list of tax tips for IRS filing in 2023. Helpful Tax Tips As each tax year, or calendar year, ends filers must ensure that they meet … Read more

Verifying Employee TIN Information

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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 employee TINs (Tax Identification Numbers). Importance of Employee TIN Verification Failing to include an employee’s TIN, or providing the wrong TIN, could result in having your filing rejected, requiring corrections, … Read more

Tips for Tax Season 2018

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January 2018 is fast approaching, which means that the tax season is almost here! 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 … Read more

Common Errors for Form 1099-MISC – TY2017

Common Errors Form 1099-MISC

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. Some common mistakes when completing Form 1099-MISC are: Sending a … Read more

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

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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