It is important that you know what information you need before you begin preparing for ACA reporting. We’ve identified the following 7 key topics that may help you to correctly and timely complete your ACA reporting with our Step-by-Step Guide. Preparation for ACA Reporting Identify Common Law Employees First, you will need to identify all common … Read more
Determining the affordability of the health coverage offered to your full-time employees and their dependents can be a bit complex. To put it simply, provided coverage is considered affordable if the premium constitutes less than 9.69% of the household income of an eligible employee.
Since household income can be difficult to determine, due to factors such as spousal or secondary income, the IRS offers three safe harbor options to assist in determining affordability:
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. Penalties for Tax Year 2018 ACA Reporting According to the … Read more
We’ve created Excel import spreadsheet templates to help you easily upload all of your 1095-B and 1095-C, 1099, and W-2 data. These templates are identical to the official IRS forms so that you can enter the information just as you would on paper. General Import Spreadsheet Guidelines For more in-depth or specific validation errors, you … Read more
The IRS has just released Notice 2018-94, which will extend the due date for some Tax Year 2018 information-reporting requirements for ALEs, insurers, self-insured employers, and certain other providers of minimum essential coverage. ACA Employee Copy Deadline As of this notice, the due date to furnish the ACA Employee Copy of Forms 1095-B and Form … Read more
Before you begin to prepare your ACA reporting, it’s important that you know what information you need to prepare Form 1095-C. This step-by-step guide identifies 7 key topics that will help you correctly and timely file your Form 1095-C ACA reporting. Preparing Form 1095-C Identify common law employees The IRS defines an employee as anyone … Read more
Before you begin to prepare your Form 1099-DIV filing, it is important that you know what information you need. This step-by-step guide identifies 5 key topics that will help you correctly and timely file your Form 1099-DIV. What’s New for 2018? New Box 5 section 199A dividends must be completed to report section 199A dividends paid … Read more
Before you begin to prepare your Form 1099-INT filing, it is important that you know what information you need. This step-by-step guide identifies 5 key topics that will help you correctly and timely file your Form 1099-INT. Determine who receives a Form 1099-INT Forms 1099-INT are completed for each non-employee who has been paid more … Read more
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. What’s New for 2018? The IRS recently announced that Forms 1099-MISC with NEC (Box 7) reporting will … Read more
It is important to be aware the Form 1099 deadlines TY2018 in order to avoid incurring potential penalties and fines. IRS Deadlines for Form 1099 Series The Form 1099 deadlines TY2018 vary depending on form and type of filing, electronic or paper. It’s also important to note that the IRS eliminated the automatic extension for … Read more
SSA Deadline for Form W-2 Reporting The deadline for filing 2018 Forms W-2 with the Social Security Administration (SSA) by paper or electronically is January 31, 2019. If you are or think you will be unable to submit your Form W-2 reporting by the deadline, you should request an extension as soon as possible by submitting a … Read more
It is important that you know what information you need before you begin preparing Form W-2. We’ve identified the following 5 key topics that may help you to correctly and timely complete your W-2 filing by the deadlines with our Step-by-Step Guide. Determine Who Must Receive a Form W-2 The IRS instructs that a W-2 form … Read more
It is important that you know what information you need before you begin preparing for ACA reporting. We’ve identified the following 4 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 the responsible and covered individuals … Read more
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