What do the “Series 1” and “Series 2” codes on Form 1095-C represent, and how should they be used?
The “Series 1” and “Series 2” codes on Form 1095-C are used to indicate specific details about the health coverage […]
November 22, 2024
What constitutes a “reportable policy sale”?
A “reportable policy sale” refers to the transfer of ownership of a life insurance policy in exchange for valuable consideration
When is Form 1099-HC due to recipients?
Form 1099-HC, a health care coverage statement required in Massachusetts, must be sent to recipients by January 31 following the
What are “cash tips,” and are they included in Form 8027 reporting?
Cash tips are gratuities provided directly by customers to employees in cash form, including currency, coins, or equivalent payments (e.g.,
What’s the difference between Form W-2 and Form 1099-NEC?
The main difference between Form W-2 and Form 1099-NEC lies in who receives them and how they report income. Here’s