TSC1099 News and Information

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

, 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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, 5 FAST FACTS: WHEN NOT TO FILE A 1099 CORRECTION

5 FAST FACTS: WHEN NOT TO FILE A 1099 CORRECTION

1. If a payer reports the information that a payee provides and after the return is filed, the payee presents new information and requests a corrected return, the payer is not required to file a correction. However, depending on...

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, E-file deadline rapidly approaching

E-file deadline rapidly approaching

The e-file deadline is just three days away. If you believe you will not meet the IRS reporting requirements before this deadline the time to file for an extension is now. Remember, it is...

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, For TSC1099 Users Only – Important News

For TSC1099 Users Only – Important News

Processing Service Agreements January is right around the corner and if you haven’t returned your TSC1099 service agreement please do so as soon as possible.  This allows us to determine capacity and setup a...

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, Common Misconceptions on 1099 Reporting

Common Misconceptions on 1099 Reporting

1. Misconception: 1099 Reporting for the state is not necessary if there is no state tax withheld. Truth: The majority of states’ regulations say that 1099s have to be filed regardless of withholdings. Look...

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, Benefits of going paperless with financial documents

Benefits of going paperless with financial documents

By eliminating paper and automating your accounts payable and accounts receivable processing you will lower you time and cost per invoice. This is one process that every company must deal with on a day...

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, Notice 2011-38_IRS Introduces Shortened TIN Option

Notice 2011-38_IRS Introduces Shortened TIN Option

What started out as a pilot program now appears to be a permanent change. The IRS permits filers to use an abbreviated version of the Tax Identification Number (TIN). This program was introduced to...

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, National Change of Address (NCOA) processing with Siemens Universal U-Move

National Change of Address (NCOA) processing with Siemens Universal U-Move

At Tab Service Company we not only stress ease of use and speed but also how accurate we are with our outsourcing services. When it comes to 1099 processing we will run your recipient...

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, Form 1099-R New Distribution Code

Form 1099-R New Distribution Code

For tax year 2013, the IRS has added a new distribution code for Form 1099-R. Use Distribution Code D to identify non-qualified annuity payments and distributions from life insurance contracts that may be subject to tax...

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, Vendor Master File – Best Practices

Vendor Master File – Best Practices

Your organization has grown over the years and so has your vendor master file.  While many administrative chores don’t directly contribute toward your bottom line, maintaining a clean, up-to-date vendor master file is not one...

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