TY2021 Head Start Archives

E-Delivery Checklist – Tax Year 2021

May 19, 2022February 8, 2022 by Michaela Porterfield

The IRS authorizes businesses to furnish electronic copies of certain tax forms, instead of a paper copy. There are many benefits to E-Delivery:

It can be more cost-effective than traditional form furnishing.
Immediate form delivery to recipients.
Physical mail can take longer to arrive and may not be deliverable due to address changes, etc.
Ability to meet last minute deadlines that physical mail copies cannot meet.

However, electronic form delivery isn’t as simple as just sending forms via email; there are extensive rules and requirements for it.

Cutover Schedule for IRS AIR Production Released (TY2021)

May 19, 2022November 9, 2021 by Michaela Porterfield

Today, the IRS announced the annual shutdown/cutover schedule for the AIR Production system used to prepare for the Tax Year 2021/Filing Season 2022. This shutdown will affect all transmissions, including corrections and replacements.

UPDATE: Extension for ACA Recipient Copy Deadline | TY 2021

May 19, 2022October 28, 2021 by Ken Ham

**Updated December 09, 2021**

The IRS has recently extended the deadline for providers of minimum essential coverage (MEC) to furnish ACA tax forms 1095-C and 1095-B to eligible individuals by March 2, 2022 for the tax year of 2021. The proposed regulation is to offer an extension to all ALE’s (applicable large employer) to furnish statements relating to health insurance that the employer offers to its full-time employees. If the due date falls on a weekend or legal holiday, then the due date is the following business day. No additional extension will be granted for these forms.

California MEC IR Requires Testing Each Year – TY 2021

May 19, 2022September 7, 2021 by Ken Ham

Yes, you read that right! California will require testing each year to transmit data through the Franchise Tax Board (FTB) File Exchange System if you need to participate in the Minimum Essential Coverage Information Reporting (MEC IR).

Import Spreadsheet Format Guidelines for Tax Year 2021

May 20, 2022April 14, 2021 by Ken Ham

Import spreadsheet format guidelines A Step-by-Step Guide

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.