TSC1099 News and Information

News and information related to TSC1099, a web-based solution for 1099 and 1098 information reporting and compliance.

, 1099-NEC Joins Combined Federal State Filing Program TY2021

1099-NEC Joins Combined Federal State Filing Program TY2021

During the 2020 tax year, the Internal Revenue Service (IRS) added Form 1099-NEC: Nonemployee Compensation. The form is now in its second year since its re-introduction, and the government agency is including it in...

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Tab Service Company Delivers Fast and Efficient Accounting Services

When it comes to state taxes, the term 1099 form is something predominantly heard. For many people and businesses, dealing with 1099 forms and accounting, in general, can be immensely overwhelming. For that reason,...

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, 1099-NEC State Reporting Requirements TY2020

1099-NEC State Reporting Requirements TY2020

The 1099-NEC will not be part of the IRS Combined Federal State Filing Program for TY2020.  If you have an obligation to report 1099-NEC directly to states, you should follow the instructions below when...

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, Seven Best Practices as You Navigate 1098-T Files

Seven Best Practices as You Navigate 1098-T Files

This is a guest blog post, originally featured at Nelnet Campus Commerce: campuscommerce.com/seven-best-practices-as-you-navigate-1098t-files/ In Brief: Outline of seven essential tips to when navigating 1098-T files Highlight of common errors institutions experience while processing 1098-T’s...

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CARES Act and Funding for Students

COVID-19 has impacted all sectors and industries, and education is no exception. On March 27, 2020, CARES, or Coronavirus Aid, Relief, and Economic Security Act, provided federal stimulus aid to the Department of Education...

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, 1099-NEC to be Reintroduced in 2020

1099-NEC to be Reintroduced in 2020

The IRS announced that it will be bringing back form 1099-NEC to report non-employee compensation separate from the 1099-MISC.  This form 1099-NEC has been retired since 1983. The change would go into effect for...

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, Pressure Seal 101

Pressure Seal 101

You may not be familiar with what pressure seal forms are but, the chances are that you have come into contact with them before.  Most often pressure sealed forms are used to print 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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, Nelnet Business Solutions Partners with Tab Service Company to Provide 1098-T Processing

Nelnet Business Solutions Partners with Tab Service Company to Provide 1098-T Processing

Nelnet Business Solutions, a leader in providing comprehensive campus commerce solutions which empower more than 750 higher education institutions, has announced a new partnership with Tab Service Company to develop an interface between Nelnet’s...

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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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