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