Information Returns
Are winnings from online gambling subject to Form W-2G reporting?
Yes, winnings from online gambling can be subject to Form W-2G reporting if certain thresholds
11/19/2024
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.
1042 / Foreign Reporting
Form 1042-S Gambling Winnings for Non-U.S. Residents
When a non-U.S. resident (nonresident alien) wins a gambling prize in the United States, specific
11/19/2024
Information Returns
Directly vs. Indirectly Tipped Employees: Key IRS Differences
The IRS distinguishes between directly tipped employees and indirectly tipped employees based on how tips
11/19/2024
Information Returns
Form 8027 Reporting Requirements for Employers
Form 8027 reporting requirements apply to certain businesses in industries where tipping is customary. The
11/19/2024
IRS Forms 1095-B, 1095-C
What is the “employer mandate” under the ACA?
The employer mandate under the Affordable Care Act (ACA), also known as the Employer Shared
11/19/2024
IRS Forms 1095-B, 1095-C
ACA Dependent Coverage: Do Employers Have to Offer It?
Under the Affordable Care Act (ACA), employers with 50 or more full-time employees must provide
11/18/2024
IRS Forms 1095-B, 1095-C
Who is Considered a Full-Time Employee Under ACA?
Under the Affordable Care Act (ACA), the definition of a full-time employee is critical for
11/18/2024
IRS Forms 1095-B, 1095-C
Form 1095-C: What Employees Should Do When They Receive It
If you receive Form 1095-C, don’t worry—you do not need to attach it to your
11/18/2024
Information Returns
Can I Email Copy B of 1099 Forms to Recipients?
Yes — the IRS allows you to email Copy B of Form 1099 to recipients
11/18/2024
TIN Matching
Key Components of a B-Notice
Notices CP2100 and CP2100A are known as “Backup Withholding Notices” and are sent when a
11/18/2024
Information Returns
Understanding Key Boxes on Form 1099-DIV
Understanding Key Boxes on IRS Form 1099-DIV Form 1099-DIV reports dividend income and distributions to
11/17/2024
TIN Matching
Purpose of IRS Letter CP2100A
IRS Letter CP2100A is a notice the IRS sends to businesses and other payers when
11/15/2024
Information Returns
Decoding the Codes: How to Interpret Distribution Codes on Form 1099-R
When you receive a Form 1099-R for a retirement or pension distribution, you’ll notice that
11/13/2024
1042 / Foreign Reporting
Chapter 3 vs Chapter 4 on Form 1042-S: Key IRS Withholding Differences
IntroductionIRS Form 1042-S is used to report certain U.S.-source income paid to foreign persons, along
11/13/2024
1042 / Foreign Reporting
Chapter 4 FATCA Explained: Preventing Tax Avoidance & Form 1042-S Reporting
The primary purpose of Chapter 4 (the Foreign Account Tax Compliance Act (FATCA)) was to
11/13/2024
Massachusetts Form 1099-HC
Understanding Massachusetts Form 1099-HC: Codes and Fields Explained
Understanding the codes and fields on Massachusetts Form 1099-HC helps you file your state tax
11/13/2024
Massachusetts Form 1099-HC
Why Doesn’t Massachusetts Form 1099-HC Require a Social Security Number?
Massachusetts Form 1099-HC does not require a recipient’s Social Security Number (SSN). Instead, the state
11/13/2024
Information Returns
What is IRS Form 1099-SB and why it matters?
IRS Form 1099-SB, titled “Seller’s Investment in Life Insurance Contract,” is a tax form used
11/12/2024
Information Returns
Real-Life Case Studies: Reporting Gambling Winnings with Form W-2G
Here’s an example of a real-life situation involving IRS Form W-2G that illustrates how it
11/12/2024
TIN Matching
“First Four” Rule to TIN matching
In TIN matching, the IRS generally checks only the first four characters of a business
11/06/2024
Information Returns
Real-Life Case Studies: Reporting with Form 1099-B
Understanding how to report transactions using IRS Form 1099-B is crucial for taxpayers engaged in
11/02/2024
Information Returns
Real-Life Examples: Case Studies of Form 1098-F
Here are a few hypothetical examples based on the form’s purpose, which is to report
11/02/2024
Information Returns
Step-by-Step Guide to Reporting Charitable Vehicle Donations with Form 1098-C
Donating a vehicle to charity can provide a significant tax benefit, and IRS Form 1098-C,
11/02/2024
Information Returns
IRS Form 1098: What It Is and Why It Matters for Homeowners
IRS Form 1098, also known as the Mortgage Interest Statement, is a tax document provided
11/02/2024
Information Returns
Reporting requirements for Form 1097-BTC
Form 1097-BTC reports tax credit allocations for certain bonds, such as Build America Bonds and
11/02/2024
Information Returns
What is the difference between Form 1099-MISC and Form 1099-NEC?
Form 1099-MISC and Form 1099-NEC are both IRS forms used to report income paid to
10/30/2024
1042 / Foreign Reporting
Does everyone who files a 1042-S have to file a 1042 as well?
Yes. If you are required to file Form 1042-S, you generally must also file Form
10/29/2024
1042 / Foreign Reporting
What is a qualified intermediary for a 1042-S form?
A qualified intermediary (QI) for a 1042-S form is an intermediary, usually a foreign financial
10/29/2024
1042 / Foreign Reporting
1042-S Scenario: Casino and Foreign Winner’s Gambling Winnings
When a foreign tourist wins money at a U.S. casino, the IRS requires reporting through
10/28/2024
1042 / Foreign Reporting
1042-S Scenario: Book Publisher and Foreign Author Royalties
When a U.S. publisher pays royalties to a foreign author, those payments count as U.S.-source
10/28/2024
1042 / Foreign Reporting
How can I get refund from the total withholding credit on Form 1042-S?
To get a refund from the total withholding credit on Form 1042-S, follow these steps:
10/28/2024
IRS Forms 1095-B, 1095-C
IRS Form 1095-C: Understanding Boxes 14, 15, and 16 for ACA Reporting
RS Form 1095-C is used by Applicable Large Employers (ALEs) to report health insurance coverage
10/26/2024
Information Returns
IRS Form 1099-DA: Digital Assets
IRS Form 1099-DA, also known as the Digital Assets form, is a recent addition to
10/25/2024
1042 / Foreign Reporting
What is the difference between IRS Form 1042 and 1042-S?
Forms 1042 and 1042-S are both related to tax reporting for payments made to foreign
10/25/2024
1042 / Foreign Reporting
IRS Form 1042-S: What is a Withholding Agent?
A withholding agent is any person, business, or organization (U.S. or foreign) that is responsible
10/25/2024
Information Returns
What Do I Do If My Employer Hasn’t Sent Me My 1099 Form Yet?
1. Reach Out to Your Employer First, contact your employer or the company’s payroll/HR department
10/25/2024
Information Returns
Understanding a Sample 1099-K Situation: Freelancing Through PayPal
With the rise of the gig economy and digital payments, more freelancers and small businesses
10/21/2024
IRS Forms 1095-B, 1095-C
The Rise of the State Healthcare Mandates
The rise of state healthcare mandates reflects an increasing trend where individual states are enacting
08/03/2024
IRS Forms 1095-B, 1095-C
IRS Letter 226-J and Follow-Up Letters: What Employers Need to Know
IRS Letter 226-J is a penalty assessment notice sent to employers with 50 or more
04/24/2019
IRS Forms 1095-B, 1095-C
1095-B and 1095-C Forms: How to Handle Ampersand (&)
When filing IRS Form 1095-B or Form 1095-C, special characters like the ampersand (&) can
02/21/2019
IRS Forms 1095-B, 1095-C
System Authorization Error – SysError – 2 Header-005 Header-006
When electronically filing ACA Forms 1095-B or 1095-C, you may encounter an error message such
02/11/2019
IRS Forms 1095-B, 1095-C
ACA Software Gateway Timeout Error: Causes and Fixes for IRS AIR System Uploads
About 5% of files uploaded to the IRS AIR System fail with a Gateway Timeout
02/13/2018
8027 Software: Allowable Characters
When filing IRS Form 8027 (Employer’s Annual Information Return of Tip Income and Allocated Tips)
12/10/2017
ACA Safe Harbor Codes Explained: Line 16 on Form 1095-C
When filing Form 1095-C, employers must use Line 16 codes to explain why an employee
02/21/2017
Form 1098-T : Student’s Taxpayer Identification Number
Colleges and universities use IRS Form 1098-T to report tuition payments and qualified education expenses.
01/18/2017
TIN Matching
Social Security Number Masking: What It Is and Why It Matters
Social Security Number (SSN) masking protects taxpayers by hiding part of the SSN on recipient
01/06/2017
Do I need multiple TCC numbers to efile 1095 forms?
The short answer is no. You only need one Transmitter Control Code (TCC) number to
11/16/2016
AIRER602 Payload attachment error (MTOM) – unable to read the attachment
When filing ACA data through the IRS AIR system, you may encounter the AIRER602 payload
06/24/2016
ACA Foreign Employer Addresses
The 1095 software can easily process foreign recipient or employee addresses. This article focuses on
06/12/2016
AIRMF3014 Rejected transmission – File is a duplicate
When filing Affordable Care Act (ACA) forms electronically through the IRS AIR system, you may
05/25/2016