Information Reporting and Compliance – News you can use

News and Information about 1099 and IRS information reporting

, Does ACA repeal = No more IRS reporting requirements?

Does ACA repeal = No more IRS reporting requirements?

With headlines trending on the repeal of the Affordable Care Act (ACA) a lot of employers are wondering….Will I still have to report employee health coverage to IRS next year?  In short the answer...

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, IRS Extends the Deadline to Furnish Forms 1095-C & 1095-B

IRS Extends the Deadline to Furnish Forms 1095-C & 1095-B

Today on November 18, 2016 the IRS sent out Notice 2016-70 announcing the extension for furnishing information returns 1095-C and 1095-B to recipients.  This will be the second year for mandated ACA reporting and...

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, Important Changes for Tax Year 2016

Important Changes for Tax Year 2016

You most likely are aware that the implementation of IRS PATH Act (Protecting Americans from Tax Hikes Act) created major changes for 1099-MISC and W-2 reporting for tax year 2016.  Most significant is the...

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, How do large employer’s plan to comply with ACA requirements?

How do large employer’s plan to comply with ACA requirements?

The Affordable Care Act (ACA) requirements will be enforceable for Applicable Large Employers (ALEs) in the upcoming filing season.  For the reportable tax year 2015, employers with 50-99 full-time employees are candidates for Transitional Relief if,...

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, ACA Reporting and Compliance – getting ready.

ACA Reporting and Compliance – getting ready.

The new reporting requirements that come with the Affordable Care Act are more than some employers would like to deal with alone and in-house.  This upcoming filing year will be the first reporting year...

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, ACA Externalities to Employers

ACA Externalities to Employers

The Affordable Care Act (ACA) signaled the biggest change in health insurance policy in 20 years and inevitably had big impacts on the employers it targeted. In the eyes of many people the law...

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, How do we differentiate an employee from an independent contractor?

How do we differentiate an employee from an independent contractor?

With Affordable Care Act requirements becoming a reality the importance of how a worker is defined as an employee or independent contractor is vital.  The responsibilities that come with having employees is federal and...

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, IRS Releases New Draft of form W-9

IRS Releases New Draft of form W-9

On November 7, 2014 the IRS released a new form W-9 draft which is designated for Request for Taxpayer Identification Number and Certification.  See http://www.irs.gov/pub/irs-dft/fw9–dft.pdf for the early release instructions for this draft form....

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, IRS Finalizes ACA Reporting Rules for 2015

IRS Finalizes ACA Reporting Rules for 2015

The IRS has published a long Q&A dialogue concerning the ACA reporting rules that apply to employers that meet the federal mandate. This information that can be found on the IRS website  was released...

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, IRS Releases Publication 1220 for Tax Year 2014

IRS Releases Publication 1220 for Tax Year 2014

Each year the IRS updates Publication 1220 as an instructional document for rules and regulations regarding forms: 1097, 1098, 1099, 3921, 3922, 5498, and W-2G.  In addition the document gives guidance to state reporting...

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