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If you sell products or services through platforms like PayPal, Venmo, Etsy, eBay, or Shopify, the IRS has introduced a […]

Failing to file Affordable Care Act (ACA) information returns—Forms 1095-B, 1095-C, and transmittals 1094-B/C—for a prior year can be stressful.

When filing IRS Form 8027 (Employer’s Annual Information Return of Tip Income and Allocated Tips) electronically, it’s important to understand

When filing Form 1095-C, employers must use Line 16 codes to explain why an employee did not enroll in coverage

Colleges and universities use IRS Form 1098-T to report tuition payments and qualified education expenses. The form requires schools to

The short answer is no. You only need one Transmitter Control Code (TCC) number to e-file ACA forms, including Form

When filing ACA data through the IRS AIR system, you may encounter the AIRER602 payload attachment error (MTOM). This error

The 1095 software can easily process foreign recipient or employee addresses.This article focuses on foreign employee addresses. However, the 1095

When filing Affordable Care Act (ACA) forms electronically through the IRS AIR system, you may encounter the error code AIRMF3014.

When filing ACA forms through the IRS AIR system, special rules apply to apostrophes in names and addresses. The IRS

Please reinstall the 1904/1095 software from this link https://www.1099fire.com/try_now.htm Reinstalling will give you the most current version that can handle

The AIRTIN500 – TIN Validation Failed error occurs in ACA e-filing when the last name and SSN of a 1095

Updated June 15, 2016. Please reinstall the 1094/1095 software from this link https://www.1099fire.com/try_now.htm Reinstalling will give you the most current version

The IRS AIR (Affordable Care Act Information Returns) system does not provide a direct void option. However, you can still

If you receive the AIRMF3005 error when transmitting ACA forms to the IRS, it means: The value of the Manifest

When you submit ACA forms electronically, the IRS requires you to follow a very strict IRS Form Data File Naming

Businesses that file 250 or more ACA information returns must e-file using a Transmitter Control Code (TCC). Without this code,

The Affordable Care Act (ACA) introduced new filing requirements for businesses offering health coverage. Employers must use Form 1095-C and

When e-filing Form 1095-B and Form 1095-C, data is transmitted in XML format to the IRS. To prevent rejections, it’s

The Affordable Care Act (ACA) requires most individuals to maintain a minimum level of health insurance coverage. To enforce this,

In recent years, the IRS updated its rules on automatic gratuities for large parties in restaurants. Traditionally, parties of six

Under the Affordable Care Act (ACA), employers with 50 or more full-time employees must report health insurance coverage using Forms

The Affordable Care Act (ACA) introduced new reporting requirements to ensure individuals maintain minimum essential coverage. Two key forms involved

It’s a common question: you received Copy B of IRS Form 1042-S in the mail or by email. The form

The Foreign Account Tax Compliance Act (FATCA) adds another layer of complexity to the already challenging financial situations faced by

The expansion of Form 1042-S has created a broad definition of who may be required to file. This expansion stems

Brokers and barter exchanges are required to use IRS Form 1099-B, Proceeds from Broker and Barter Exchange Transactions, to report

Corporations often grant incentive stock options (ISOs) to employees as a bonus or reward. ISOs allow employees to purchase company

When you pay U.S. source income to foreign persons—such as nonresident aliens or foreign entities—the IRS requires withholding and reporting

employees. On a typical business day, you employ more than 10 workers who together work more than 80 hours. 👉

So, you’ve ended up with an extra car you don’t really need. Maybe it’s too old, beat up, or simply

If you win big at the casino, racetrack, or lottery, the IRS wants its share. Gambling winnings are considered taxable

Then January comes and you get this form in the mail, this 1099-C. You have no idea what it is or why you have it or what you’re supposed to do with it.

Home ownership means having a mortgage and paying property taxes. Quite a burden, financially, but the government helps you carry it. You’re busy building equity as you pay for your home, while the government lets you deduct your mortgage interest and property taxes from your income, reducing your tax liability.

Paying for college can be overwhelming, but the U.S. government offers valuable tax benefits that can save students and families

Y When your state government sends you money, it might feel like free income. But the IRS may see it

The IRS requires that all income, including gambling winnings, must be reported. It doesn’t matter if you win $1 from

Foreign workers, students, and other non-resident aliens are subject to U.S. tax withholding when they work in the United States.

The Foreign Account Tax Compliance Act (FATCA) was introduced in 2010 to prevent tax evasion by U.S. taxpayers holding money