IRS Releases Draft Instructions for Affordable Care Act Compliance
Aren’t you glad that Affordable Care Act (ACA) reporting isn’t official until 2015? The IRS released drafts of 1095 forms in late July. At that …
Even Tax-Exempt Organizations Have to Pay Payroll Taxes
What’s the first thing that comes to mind when you hear “tax-exempt?” You might think that tax-exempt means the organization does not pay any taxes. …
Employee or Contractor?
The distinction between an employee and a contractor becomes very important when it comes time to file taxes. How can you tell if the person …
Proposed Form 1098 Changes Delayed
We heard that the IRS planned some changes to the reporting requirements for form 1098. These changes were scheduled to become active in the 2014 …
Avoiding Incorrect 1099 Vendor Information, and B-Notices, and Penalties
In our last post, we talked about penalties. This post will go in-depth on avoiding penalties. Using the vendor management tools in Tax1099.com can save …
1099 Penalties?!
Deadlines There are two deadlines to consider here. The first is the vendor form delivery deadline, 2/2/2015. Forms should be postmarked or e-mailed to vendors …
Cloud Computing on Earth Day
Today is Earth Day, a good time to consider the impact we make on our earth. How do we use our shared resources? What can …
The Tax Deadline has Passed – What Now?
You survived! You sent 1099 forms to your vendors before the January 31st deadline. You completed your e-file before March 31st (or scheduled it at …
ACA Reporting Requirements
The Affordable Care Act (ACA) brings with it new reporting requirements. Tax1099.com leverages technical and tax expertise to provide compliant ACA reporting solutions. In this …
The Perils of Success
When a small business grows, that growth creates potential for successes and failures. Sometimes, success can bring about some failure. We experienced some of that …