Import Spreadsheet Format Guidelines for Tax Year 2020

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. 

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Tax Year 2020 Deadlines: Getting Started

Deadlines vary depending on form and type, so we have compiled a list to make the Tax Year 2020 Deadlines as simple as possible. Keep these dates in mind as you prepare your forms for filing!

Please note: *ACA recipient copy deadline was extended from 01/31/21 to 03/02/21 by IRS Notice 2020-76. **Those with 250+ forms must e-file with the IRS. Individual state filing deadlines for certain information returns may vary.
Please verify with your state for the proper method for submissions. BoomTax supports Combined Federal/State Filing for participating states.

As a best practice, we recommend getting started on your filings as early as possible. If you plan on using our Print & Mail services, we recommend having it ordered at least 1 week before the deadline.

We have created a series of step-by-step guides that help you prepare for the Tax Year 2020 deadlines.

Questions?

If you have any questions, concerns, or comments about our product, feel free to contact us at [email protected]. A customer support representative will reach out to you promptly.

Preparing Form W-2: A Step-by-Step Guide for Tax Year 2020

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 with our Step-by-Step Guide.

1. Determine Who Must Receive a Form W-2

The IRS instructs that a W-2 form much be completed and filed for each employee who, in the past year, you have made payments to for their services in your trade or business.

2. Gather Information to Prepare Form W-2

Before you begin preparing Form W-2, you will need to gather the tax information for the business(es) and employees you are filing for, including their name, address, tax identification numbers (TINs), and amounts paid to the employees.

3. Check for Accuracy

In order to avoid potential penalties, it is important to take the time to review and verify the information to be reported on your W-2 forms for accuracy before filing and distributing.

Tools such as TINCorrect can help you verify tax identification numbers for payers and employees in advance.

4. File and Distribute

Form W-2 is a multi-part form that requires copies to be distributed to several parties, including the IRS, employee and, if applicable, a state tax department.

5. Deadlines for Form W-2

W-2s must be furnished to employees and filed with the Social Security Administration by February 1, 2021, by electronic or mail filing.