TIN Matching
Bulk TIN Matching File Format: Requirements and Submission Guide
The Bulk TIN Matching file format requirements are set by the IRS to ensure accurate
11/29/2024
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.
Form 8027 (Tip Income Reporting)
Are small businesses exempt from filing Form 8027?
Many small businesses wonder whether they need to file IRS Form 8027, the Employer’s Annual
11/29/2024
1099 Forms
Gradual rollout for new reporting rules on Form 1099-K
For 2024, the IRS has provided a transition relief period, raising the threshold for Form
11/29/2024
1099 Forms
IRS FIRE system file status
The IRS FIRE (Filing Information Returns Electronically) system allows businesses to check whether their electronically
11/29/2024
Information Returns
What is IRS Form 15397?
IRS Form 15397 is a relatively new form that businesses can use to request extra
11/29/2024
1099 Forms
IRS FIRE File Types
The IRS FIRE (Filing Information Returns Electronically) System supports various file types for electronically filing
11/28/2024
Information Returns
How do I attain a TCC number for the IRS FIRE System?
If you plan to electronically file information returns like Forms 1099, 1098, 5498, and W-2G,
11/28/2024
Information Returns
What information should be entered in Box 6 (Identifiable event code), and how is it determined?
Box 6 on Form 1099-C (Cancellation of Debt) requires an identifiable event code. This code
11/28/2024
1042 / Foreign Reporting
What are the different income codes for various types of U.S.-source income?
In the context of Form 1042-S, which reports U.S.-source income paid to nonresident aliens, there
11/28/2024
Information Returns
What steps should a recipient take if they believe the Form 1099-NEC they received is incorrect?
If a taxpayer believes that the Form 1099-NEC (used to report nonemployee compensation) they received
11/28/2024
1099 Forms
Can Gambling Losses Offset Winnings on Form W-2G?
No. You cannot offset gambling winnings with losses directly on Form W-2G. This form only
11/27/2024
IRS Forms 1095-B, 1095-C
Is Form 1095-B still relevant after the individual mandate penalty was reduced to $0 federally?
Yes, Form 1095-B is still relevant despite the federal individual mandate penalty being reduced to
11/27/2024
Information Returns
Does a transmitter control code expire?
A Transmitter Control Code (TCC) is issued by the IRS and used for e-filing information
11/27/2024
Form 8027 (Tip Income Reporting)
Does Form 8027 apply to food trucks, catering services, or delivery-only businesses?
IRS Form 8027, Employer’s Annual Information Return of Tip Income and Allocated Tips, generally does
11/27/2024
IRS Forms 1095-B, 1095-C
How do I determine whether I am an Applicable Large Employer (ALE)?
To see whether your organization is an Applicable Large Employer (ALE), calculate last year’s average
11/26/2024
Information Returns
The data is not coded with a ‘G’ or ‘C’ in position 6 of the ‘B’ record(s).
The full error is: You have identified your file as a correction; however, the data
11/26/2024
Information Returns
Form 1099-MISC ‘B’ records containing tax withheld appears excessive in relation to the income amounts reported.
If Form 1099-MISC ‘B’ records show tax withholding amounts that appear excessive in relation to
11/26/2024
TIN Matching
How does TIN Matching handle “Doing Business As” (DBA) names?
The TIN Matching system does not directly process or verify Doing Business As (DBA) names
11/26/2024
Information Returns
IRS Error: ‘B Record Contains Non-Numeric Characters in the Payment Amount Fields’
If your IRS electronic filing submission returns the error “B record contains non-numeric characters in
11/26/2024
Information Returns
Late 1099 Filings: What to Do If You Miss the Deadline
Missing the IRS deadline for Form 1099 can lead to penalties, but acting quickly can
11/25/2024
Information Returns
Difference between 1-step and 2-step corrections
When filing 1099 forms, mistakes happen. The IRS allows you to fix errors using either
11/25/2024
1099 Forms
How to Fix a 1099-DIV Error with Qualified Dividends
A common 1099-DIV error qualified dividends issue occurs when Field 2 (Qualified Dividends) has an
11/25/2024
1099 Forms
Are referral fees or finder’s fees reportable on a 1099-NEC?
Yes, referral fees or finder’s fees are generally reportable on a Form 1099-NEC if they
11/25/2024
1099 Forms
What types of services qualify for 1099-NEC reporting?
Form 1099-NEC reports payments of $600 or more to nonemployees for services performed in the
11/25/2024
Information Returns
Understanding Record T, A, B, C, and F in IRS FIRE System
When filing 1099 forms electronically through the IRS FIRE System (Filing Information Returns Electronically), your
11/25/2024
National Software
Do I Need to Submit Form W-2C if an Employee’s Address Changed?
You do not need to file Form W-2C (Corrected W-2) just because an employee’s address
11/24/2024
1042 / Foreign Reporting
Does an international winner receive a W-2G or a 1042-S form?
When it comes to gambling winnings, the tax reporting requirements differ depending on whether the
11/24/2024
IRS Forms 1095-B, 1095-C
TPE1132 – Failed Due To Checksum Validation Error
The TPE1132 – Failed Due To Checksum Validation Error occurs in the IRS AIR system
11/24/2024
IRS Forms 1095-B, 1095-C
TPE1101 – XML is not well formed
When filing ACA information returns, you may encounter the TPE1101 error in the IRS AIR
11/24/2024
IRS Forms 1095-B, 1095-C
Transmission Processing Errors in IRS AIR System
Transmission Processing Errors (TPE) in the IRS Affordable Care Act Information Returns (AIR) system occur
11/24/2024
IRS Forms 1095-B, 1095-C
What Do the “Series 1” and “Series 2” Codes on Form 1095-C Mean?
The Series 1 and Series 2 codes on Form 1095-C provide details about the health
11/22/2024
Information Returns
What constitutes a “reportable policy sale”?
A reportable policy sale happens when the ownership of a life insurance policy is transferred
11/22/2024
Massachusetts Form 1099-HC
Form 1099-HC Due Date: January 31 & March 31 Deadlines
Form 1099-HC Due Date Requirements Form 1099-HC due date is January 31 for recipients and
11/22/2024
Form 8027 (Tip Income Reporting)
What Are Cash Tips, and Are They Included in Form 8027 Reporting?
Cash tips are gratuities customers give directly to employees. They can be in the form
11/22/2024
Information Returns
What’s the difference between Form W-2 and Form 1099-NEC?
The main difference between Form W-2 and Form 1099-NEC lies in who receives them and
11/22/2024
Information Returns
When was Form 1099-NEC reinstated, and why?
The IRS brought back Form 1099-NEC for the 2020 tax year after nearly forty years.
11/21/2024
Form 8027 (Tip Income Reporting)
What is the difference between gross receipts and total receipts?
When filing IRS Form 8027, it’s important to understand the difference between gross receipts vs
11/21/2024
IRS Forms 1095-B, 1095-C
The Rise of ACA State Mandates
The Affordable Care Act (ACA), passed in 2010, aimed to expand access to affordable health
11/21/2024
California (FTB / CA-592)
How do I correct an error on Form CA-592?
For Form CA-592 (Resident and Nonresident Withholding Statement), the California Franchise Tax Board (FTB) requires
11/21/2024
Information Returns
Can You File W-2C Prior Year Corrections?
Employers can file W-2C prior year corrections to fix mistakes on previously filed W-2 forms.
11/21/2024
IRS Forms 1095-B, 1095-C
ACA Compliance for Businesses With 49 or Fewer Employees
Businesses with 49 or fewer employees generally have no Affordable Care Act (ACA) compliance obligations.
11/21/2024
Massachusetts Form 1099-HC
Does Form 1099-HC Apply to Non-Massachusetts Residents?
Form 1099-HC Massachusetts is required for state residents to verify health insurance coverage under the
11/20/2024
Information Returns
What vehicles qualify for 1098-C reporting?
Form 1098-C, “Contributions of Motor Vehicles, Boats, and Airplanes”, is used by charitable organizations to
11/20/2024
Form 8027 (Tip Income Reporting)
What Is Considered a Large Food or Beverage Establishment Under Form 8027?
The IRS defines a large food or beverage establishment under Form 8027 based on employee
11/20/2024
Information Returns
How does the IRS match 1099 forms to individual tax returns?
The IRS uses a process called document matching to compare information reported on Form 1099
11/20/2024
Information Returns
Is Form 3922 Required If Stock Is Sold Immediately?
If you’re an employer, you may wonder: Do I still need to file Form 3922
11/20/2024
Information Returns
Reporting Non-Cash Gambling Prizes on Form W-2G
Non-cash gambling prizes, such as cars, trips, or other valuable items, must be reported on
11/20/2024
Information Returns
Who Doesn’t Need a 1099-NEC?
Certain types of payments and recipients are exempt from receiving Form 1099-NEC (Nonemployee Compensation). In
11/20/2024
IRS Forms 1095-B, 1095-C
Are seasonal or temporary workers included in the ACA employee count?
Yes, seasonal and temporary workers are generally included in the Affordable Care Act (ACA) employee
11/19/2024
Information Returns
What to Do if a Contractor Refuses to Provide a W-9
When hiring contractors, you must collect Form W-9 before issuing payments. This form provides the
11/19/2024