IRS Forms 1095-B, 1095-C
Understanding the Differences Between Forms 1095-B and 1095-C
Under the Affordable Care Act (ACA), certain employers and insurers are required to provide forms
04/17/2025
Welcome to the 1099FIRE Blog: E-Filing News & Resources
Our blog covers IRS updates, 1099-NEC/MISC rules, IRIS vs FIRE, TIN matching, state rules, and software tips.
Information Returns
State-Specific 1099 Filing Requirements: What You Need to Know
Navigating 1099 filing requirements across different states is crucial for businesses and individuals to ensure
04/17/2025
State Filing & Compliance
Alabama 1099 Filing Requirement
Who Must File 1099 Forms in Alabama? Any business or individual conducting business in Alabama
04/17/2025
1042 / Foreign Reporting
Form 1042-S vs. 1099: Correctly Classifying Payments to Foreign Contractors
When working with independent contractors, one of the most important tax compliance steps is ensuring
04/17/2025
Information Returns
What Is IRS Form 8955-SSA and Who Must File It?
If you sponsor or administer a retirement plan, you may be required to file IRS
04/16/2025
IRS Forms 1095-B, 1095-C
Form 1095-C Line 14 Codes: Understanding Offer of Coverage Indicators
Employers subject to the Affordable Care Act (ACA) must file Form 1095-C each year to
04/16/2025
1099 Forms
Real Estate Professionals: Navigating 1099-S Reporting Requirements
If you’re involved in real estate transactions—whether as a broker, title company, attorney, or closing
04/16/2025
1099 Forms
Form 1099-Q: Understanding Education Savings Plan Distributions
Paying for education is expensive, but thankfully, certain tax-advantaged savings plans can help. If you’ve
04/16/2025
Information Returns
You have identified your file as a correction; however, the data is not coded with a ‘G’ or ‘C’ in position 6 of the B record(s).
When filing corrections through the IRS FIRE system, you may see the error:“You have identified
04/16/2025
Information Returns
Application Process for a FIRE TCC
If you plan to electronically file information returns with the IRS, you must complete the
04/16/2025
National Software
W-2C Efficient Corrections: How to Handle Errors Discovered After Filing
Form W-2 is one of the most important information returns employers issue, summarizing wages paid
04/14/2025
1042 / Foreign Reporting
How to Reconcile Form 1042 With Your 1042-S Filings
Reconciling Form 1042 (Annual Withholding Tax Return for U.S. Source Income of Foreign Persons) with
04/14/2025
National Software
W-2 Box 12 Codes
Box 12 on Form W-2 lists special codes. These codes report extra types of income,
04/14/2025
Information Returns
State of Tennessee and Form 1099-K compliance
Understanding the Tennessee 1099-K filing requirements is essential for payment processors, settlement entities, and businesses
04/14/2025
1042 / Foreign Reporting
Implications of IRS-ICE Data Sharing
The IRS-ICE data-sharing agreement, signed on April 7, 2025, marks a major change in U.S.
04/14/2025
Massachusetts Form 1099-HC
Understanding Form 1099-HC for Massachusetts Residents – Why this form is needed for state healthcare compliance.
Massachusetts residents who file state income taxes may receive Form 1099-HC each year. This form
04/11/2025
1042 / Foreign Reporting
Casino Compliance: Managing W-2G and 1042-S Reporting for Gambling Winnings
Casinos in the U.S. have specific IRS reporting obligations when it comes to gambling winnings.
03/22/2025
National Software
How Educational Institutions Should Properly Report Form 1098-T for Tuition Statements
Educational institutions must use Form 1098-T, Tuition Statement to report tuition and related educational expenses.
03/22/2025
National Software
Understanding IRS Form 1040-NR for Nonresident Aliens
IRS Form 1040-NR is the U.S. tax return used by nonresident aliens to report U.S.-source
03/22/2025
Information Returns
How to Handle an IRS CP2000 Notice for Underreported Income
Receiving a CP2000 notice from the IRS can be unsettling. However, it is not an
03/21/2025
1042 / Foreign Reporting
Cross-Border Payments Compliance: When to Issue Form 1042-S vs. Form 1099
Navigating U.S. tax reporting rules for cross-border payments can be tricky — especially when deciding
03/21/2025
Information Returns
ACA Reporting Update: Federal Changes for 1095 Forms
Under the Affordable Care Act (ACA), employers and insurers must file information returns with the
03/21/2025
TIN Matching
TIN Matching: Ensuring Error-Free 1099s and W-2s
When it comes to filing year-end information returns like Forms 1099 and W-2, accuracy matters.
03/21/2025
Form 8027 (Tip Income Reporting)
Restaurant Tip Reporting 101: Year-End Compliance with Form 8027
Restaurants that serve food and beverages where tipping is customary have specific year-end reporting requirements
03/21/2025
Information Returns
Mandatory E-Filing: Adapting to the 10-Form Threshold Rule
In an era where digital transformation is reshaping how businesses and organizations interact with the
03/21/2025
1042 / Foreign Reporting
How Foreign Athletes and Entertainers Are Taxed Using IRS Form 1042-S
Foreign athletes and entertainers who earn income in the United States follow special tax withholding
03/20/2025
Information Returns
What Employers Need to Know About the IRS Form 8955-SSA Electronic Filing Mandate
The IRS now requires most employers to electronically file Form 8955-SSA starting with the 2024
03/20/2025
National Software
FATCA and Form 8966: How High Net-Worth Individuals Are Impacted
The Foreign Account Tax Compliance Act (FATCA) is a U.S. law created to prevent tax
03/20/2025
National Software
W-2 Box 12 Codes: What They Mean for Your Tax Deductions and Credits
Form W-2, which reports your wages and tax information, includes Box 12, where various codes
03/20/2025
1099 Forms
Do Fantasy Sports Winnings Get Reported on IRS Form W-2G?
Fantasy sports winnings are usually not reported on IRS Form W-2G. That form is designed
03/20/2025
1099 Forms
Understanding IRS Form 1099-SA: How Health Savings Account (HSA) Distributions Are Reported
What Is Form 1099-SA? IRS Form 1099-SA is used to report distributions from a Health
03/20/2025
1099 Forms
Why You Might Receive Form 5498 in May Instead of January
IRS Form 5498, IRA Contribution Information, is used by financial institutions to report contributions, rollovers,
03/20/2025
1042 / Foreign Reporting
IRS Form 1042-S: Withholding Tax Credit for Foreign Persons
Nonresident aliens (NRAs) can claim a withholding tax credit on Form 1040-NR, U.S. Nonresident Alien
03/20/2025
Form 8027 (Tip Income Reporting)
IRS Form 8027 vs. Form 4070: What Restaurant Employees and Owners Need to Know
For restaurant owners and employees, tip reporting is essential for both tax compliance and avoiding
03/19/2025
National Software
Breaking Down the W-2 Form: What Each Box Means for Your Taxes
The W-2 form is one of the most important tax documents you receive each year.
03/19/2025
1099 Forms
Understanding Form W-2G for Slot Machine Winnings
Form W-2G is an IRS tax form used to report gambling winnings, including slot machines,
03/19/2025
IRS Forms 1095-B, 1095-C
Paperwork Burden Reduction Act
As of 2024, a significant change has been introduced to the delivery requirements for Forms
03/19/2025
1099 Forms
How to File a 1099 for a Deceased Person or Business That Closed Mid-Year
If you need to file a 1099 for a deceased individual or a business that
03/19/2025
State Filing & Compliance
State of Tennessee and IRS Form 1099-K Requirement
Tennessee requires businesses that file a 1099-K with the IRS to also submit a copy
03/19/2025
1042 / Foreign Reporting
Why would an Orchestra file Form 1042-S?
An orchestra must file Form 1042-S when it pays U.S.-source income to nonresident aliens. These
03/18/2025
California (FTB / CA-592)
How to Correct a Mistake on Form 592
If you discover an error on California Form 592, you must file a corrected form
03/18/2025
1099 Forms
How the IRS Matches 1099 Forms to Individual Tax Returns
RS 1099 matching is the process the IRS uses to compare 1099 forms against the
03/18/2025
1099 Forms
How to File 1099 Forms for Non-US Residents
When working with non-US residents or foreign contractors, businesses often wonder whether they need to
03/18/2025
1099 Forms
How the 1099 Reporting Process Has Evolved Over the Last Decade
The 1099 reporting process has transformed over the past ten years. Technology, IRS policy changes,
03/18/2025
1099 Forms
1099 Forms for Deceased Individuals: What Executors Need to Know
Handling tax matters for a deceased individual can be complex, and 1099 forms are often
03/18/2025
1099 Forms
The Future of 1099 Forms: Will Digital Tax Reporting Replace Paper Forms?
As tax compliance evolves, the move from paper-based filing to digital reporting is accelerating. The
03/18/2025
Information Returns
What is blockchain?
Blockchain is a decentralized digital ledger that records transactions securely, transparently, and permanently across multiple
03/18/2025
Information Returns
Cryptocurrency & 1099s: Tax Reporting for Digital Assets
Cryptocurrency transactions are now under close IRS scrutiny. With the introduction of IRS Form 1099-DA,
03/18/2025
Information Returns
Do Influencers and Content Creators Need to File 1099 Forms?
If you’re an influencer, content creator, or digital entrepreneur, you may be required to file
03/18/2025
National Software
Form W-2 Deadline: What You Need to Know
Employers must meet strict deadlines when filing Form W-2 to ensure employees receive accurate wage
02/02/2025