2024 Deadlines for ACA, 1099 & W-2 Forms – IRS TY2023

2023 Deadlines, 2024 Deadlines for ACA 1099 & W-2

Tax Year 2023 is coming to a close, which means that the filing season of 2024 is upon us! We’ve created this guide, so you don’t miss the 2024 deadlines. Basic Information When each tax year, or calendar year, comes to a close, employers must ensure that they meet all IRS tax requirements regarding filing. … Read more

IRS Form W-2 Guide for 2023 (TY2022)

Form W-2 Guide

It is important that you know what information you need before you begin preparing Form W-2. We’ve compiled the following 4 key topics in our Form W-2 Guide that may help you to correctly and timely complete your filing. What’s new for Form W-2? Form W-2 Guide – Key Topics Our Form W-2 guide identifies … Read more

Import Spreadsheet Format Guidelines for Tax Year 2023

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.  General Import Spreadsheet Guidelines For more in-depth or specific validation errors, you can … Read more

2024 IRS Penalties for ACA, 1099, & W-2 Forms (TY2023)

2024 IRS Penalties Cover

IRS Penalties can happen for a variety of reasons, including forgetting to file, not filing by the deadline, not furnishing forms, or not offering coverage for ACA filing. IRS Penalties for ACA Forms Both types of ACA filings (B-series and C-series) require that the filer submit a return to the IRS, any applicable states, and … Read more

State W-2 Reporting Requirements – Comprehensive List

State W-2 Filing

In addition to submitting your W-2 reporting to the Social Security Administration (SSA), you need to be aware of your state W-2 reporting requirements. What is Form W-2? Form W-2, Wage and Tax Statement, is used by employers to report employees’ annual earnings, federal, and state taxes withheld at the end of each calendar year. … Read more

Electronic Form Delivery Simplifies IRS 1095, 1099, & W-2

Electronic Form Delivery

The IRS authorizes businesses to furnish electronic copies of certain tax forms, instead of a paper copy. Electronic Form Delivery Benefits There are many benefits to E-Delivery: However, electronic form delivery isn’t as simple as just sending forms via email; there are extensive rules and requirements for it. Electronic Form Delivery Requirements The requirements for … Read more

15 Question Quiz to Conquer Employee Vs Contractor Dilemma

employee vs contractor - 4 people talking at table

During every tax year, the same question arises, “Is this person an employee or a contractor?” The Employee Vs Contractor classification is a critical part of filing and must be correct when it’s time to file and distribute forms to recipients. Incorrect forms can lead to the business being liable for employment taxes for that … Read more

Navigating the Impact of Remote Work on ACA, 1099, and W2 Filing in the Post-COVID Era

remote workers

In the wake of the COVID-19 pandemic, businesses across the globe have been propelled towards a new normal: remote work. This shift has had far-reaching implications, extending even into the realm of tax obligations and health insurance compliance. As we continue to adapt to these changes in 2023, it is crucial for businesses to understand … Read more

Form 8809 Frequently Asked Questions in 2023

Form 8809 - Office worker looking at phone

Form 8809 is a tax form that allows taxpayers to request additional time for filing specific information returns such as 1099, W2, or ACA Forms. After submitting Form 8809, an automatic 30-day extension period is granted. Which form deadlines can I extend using Form 8809 Extension? Form 8809 can be used to extend the following … Read more

Mastering Form W-3: The Essential Guide

w-3

IRS Form W-3, Transmittal of Wage and Tax Statements, serves as a summary or cover sheet for the accompanying Forms W-2. It is used annually by the IRS and the Social Security Administration (SSA) when an employer opts to paper file. What is Form W-3? I briefly mentioned above how IRS Form W-3, Transmittal of … Read more

EFile W2 Forms – BSO Changes for Tax Year 2022

EFile W2 Forms - BSO Changes for Tax Year 2022 - Desktop with notebook and laptop

The IRS Form W2 deadline is just around the corner. It’s important for employers to know what information is required before they begin preparing to efile W2 forms.  BSO Changes The Social Security Administration (SSA) has recently made some big changes to the Business Services Online (BSO) portal. The BSO portal allows organizations, businesses, individuals, … Read more

Import Spreadsheet Format Guidelines for Tax Year 2022

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.  General Import Spreadsheet Guidelines For more in-depth or specific validation errors, you can … Read more

2023 IRS Penalties for ACA, 1099, & W-2 Forms (TY2022)

2023 IRS Penalties - Traffic Cones

IRS Penalties can happen for a variety of reasons, including forgetting to file, not filing by the deadline, not furnishing forms, or not offering coverage for ACA filing. IRS Penalties for ACA Forms Both types of ACA filings (B-series and C-series) require that the filer submit a return to the IRS, any applicable states, and … Read more

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