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 to remind them. Employers are […]
Information Returns
Information returns report payments and other amounts to the IRS and to recipients. Common forms include 1099, 1098, 5498, 1042-S, and W-2G. This section explains who must file, thresholds and deadlines, state rules, and how to e-file originals and corrections.
Understanding a Sample 1099-K Situation: Freelancing Through PayPal
With the rise of the gig economy and digital payments, more freelancers and small businesses are receiving IRS Form 1099-K,
The Rise of the State Healthcare Mandates
The rise of state healthcare mandates reflects an increasing trend where individual states are enacting their own health insurance requirements,
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 full-time employees under the Affordable
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 create validation issues in XML
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 as: System Authorization Error –
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 Error. This happens when the
Information Returns
8027 Software: Allowable Characters
When filing IRS Form 8027 (Employer’s Annual Information Return of Tip Income and Allocated Tips) electronically, it’s important to understand
IRS Forms 1095-B, 1095-C
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 did not enroll in coverage
Information Returns
Form 1098-T : Student’s Taxpayer Identification Number
Colleges and universities use IRS Form 1098-T to report tuition payments and qualified education expenses. The form requires schools to
IRS Forms 1095-B, 1095-C
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 e-file ACA forms, including Form
IRS Forms 1095-B, 1095-C
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 attachment error (MTOM). This error
IRS Forms 1095-B, 1095-C
ACA Foreign Employer Addresses
The 1095 software can easily process foreign recipient or employee addresses. This article focuses on foreign employee addresses. However, the
IRS Forms 1095-B, 1095-C
AIRMF3014 Rejected transmission – File is a duplicate
When filing Affordable Care Act (ACA) forms electronically through the IRS AIR system, you may encounter the error code AIRMF3014.
IRS Forms 1095-B, 1095-C
ACA: Apostrophes in Name or Address Fields
When filing ACA forms through the IRS AIR system, special rules apply to apostrophes in names and addresses. The IRS
IRS Forms 1095-B, 1095-C
ACA Foreign Recipient Addresses
Reinstalling will give you the most current version that can handle foreign employee mailing addresses. 1. Form 1095-C. The employee
IRS Forms 1095-B, 1095-C
AIRTIN500 – TIN Validation Failed: How to Fix This ACA E-Filing Error
The AIRTIN500 – TIN Validation Failed error occurs in ACA e-filing when the last name and SSN of a 1095
IRS Forms 1095-B, 1095-C
ACA Replacement and Corrections
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
IRS Forms 1095-B, 1095-C
How to Correct a 1095-B or 1095-C Record Through IRS AIR
The IRS AIR (Affordable Care Act Information Returns) system does not provide a direct void option. However, you can still
IRS Forms 1095-B, 1095-C
AIRMF3005 Error – Rejected Transmission in IRS Filing
If you receive the AIRMF3005 error when transmitting ACA forms to the IRS, it means: The value of the Manifest
IRS Form 1095-C : Line 15 and 16 Instructions
IRS Form 1095-C is required for applicable large employers (ALEs) to report health insurance coverage offered to employees under the
IRS Forms 1095-B, 1095-C
IRS Form Data File Naming Convention Explained
When you submit ACA forms electronically, the IRS requires you to follow a very strict IRS Form Data File Naming
IRS Forms 1095-B, 1095-C
ACA Application for a Transmitter Control Code (TCC Number)
Businesses that file 250 or more ACA information returns must e-file using a Transmitter Control Code (TCC). Without this code,
IRS Forms 1095-B, 1095-C
When Businesses Need to Submit Form 1095-C and 1095-B Under the Affordable Care Act
The Affordable Care Act (ACA) introduced new filing requirements for businesses offering health coverage. Employers must use Form 1095-C and
IRS Forms 1095-B, 1095-C
Form 1095-B and 1095-C: Avoiding Special Character Errors in IRS E-Filing
When e-filing Form 1095-B and Form 1095-C, data is transmitted in XML format to the IRS. To prevent rejections, it’s
IRS Forms 1095-B, 1095-C
You Received Form 1095-C From Your Employer: Now What Do You Do?
When you receive Form 1095-C from your employer, it provides information about the health insurance coverage offered to you and
IRS Forms 1095-B, 1095-C
The Affordable Care Act: Overview of Forms 1095-A, 1095-B and 1095-C
The Affordable Care Act (ACA) requires most individuals to maintain a minimum level of health insurance coverage. To enforce this,
IRS Forms 1095-B, 1095-C
What to Do If You Receive IRS Form 1095-B
IRS Form 1095-B is issued to verify that you and your dependents had minimum essential health coverage under the Affordable
Information Returns
IRS Rule Change: Automatic Gratuities Now Count as Service Charges, Not Tips
In recent years, the IRS updated its rules on automatic gratuities for large parties in restaurants. Traditionally, parties of six
IRS Forms 1095-B, 1095-C
IRS Forms 1095-C and 1094-C: Employer Health Coverage Reporting Explained
Under the Affordable Care Act (ACA), employers with 50 or more full-time employees must report health insurance coverage using Forms
IRS Forms 1095-B, 1095-C
IRS Forms 1095-B and 1094-B: Verifying Minimum Essential Coverage Under the ACA
The Affordable Care Act (ACA) introduced new reporting requirements to ensure individuals maintain minimum essential coverage. Two key forms involved
1042 / Foreign Reporting
IRS Form 1042-S: How Can Recipients Receive a Refund of Withheld Money?
It’s a common question: you received Copy B of IRS Form 1042-S in the mail or by email. The form
1042 / Foreign Reporting
FATCA and Foreign Bank Accounts: The Issue of Withholding and Reporting for Expatriates
The Foreign Account Tax Compliance Act (FATCA) adds another layer of complexity to the already challenging financial situations faced by
1042 / Foreign Reporting
Definition of a Withholding Agent Under Chapter 4 FATCA Reporting Requirements
The expansion of Form 1042-S has created a broad definition of who may be required to file. This expansion stems
Information Returns
IRS Form 1099-B: Reporting Broker and Barter Transactions
Brokers and barter exchanges are required to use IRS Form 1099-B, Proceeds from Broker and Barter Exchange Transactions, to report
Information Returns
Reporting the Initial Transfer of Incentive Stock Using Form 3922
Corporations often grant incentive stock options (ISOs) to employees as a bonus or reward. ISOs allow employees to purchase company
1042 / Foreign Reporting
Understanding Withholding on Income of Foreign Persons
When you pay U.S. source income to foreign persons—such as nonresident aliens or foreign entities—the IRS requires withholding and reporting
Information Returns
Reporting Cash Tips: IRS Form 8027 Explained
employees. On a typical business day, you employ more than 10 workers who together work more than 80 hours. 👉
Information Returns
Donating Your Car? Here’s What You Need to Know
So, you’ve ended up with an extra car you don’t really need. Maybe it’s too old, beat up, or simply
Information Returns
IRS Form W-2G and Gambling Winnings: What You Need to Know
If you win big at the casino, racetrack, or lottery, the IRS wants its share. Gambling winnings are considered taxable
Information Returns
Why Did I Get a 1099-C and What Do I Do With It?
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.
Information Returns
The Greatest Middle-Class Tax Break
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.
Information Returns
4 Ways the Government Can Help You Pay for College Through Tax Benefits
Paying for college can be overwhelming, but the U.S. government offers valuable tax benefits that can save students and families
Information Returns
Is Money the State Sends You Taxable?
Y When your state government sends you money, it might feel like free income. But the IRS may see it
Information Returns
Gambling Winnings and Taxes: When You Win, the IRS Wins Too
The IRS requires that all income, including gambling winnings, must be reported. It doesn’t matter if you win $1 from
1042 / Foreign Reporting
FATCA and Form 1042-S: Understanding Reporting Requirements for Foreign Payments
Foreign workers, students, and other non-resident aliens are subject to U.S. tax withholding when they work in the United States.
1042 / Foreign Reporting
Understanding FATCA: Foreign Account Tax Compliance Act Explained
The Foreign Account Tax Compliance Act (FATCA) was introduced in 2010 to prevent tax evasion by U.S. taxpayers holding money
Information Returns
What Is IRS Form 1099-MISC? A Complete Guide for Businesses
Running a business comes with expenses, and one important responsibility is reporting payments made to non-employees. The IRS requires businesses
Information Returns
IRS Form 1099-K Explained: Reporting Online Payments and Third-Party Transactions
What Is IRS Form 1099-K? The IRS introduced Form 1099-K to improve tax compliance by tracking payments made through credit
Information Returns
IRS Form 5498: IRA Contribution Information Explained
What Is IRS Form 5498?IRS Form 5498, IRA Contribution Information, is an informational return that your IRA custodian files with