Form 1095-C Line 14 Codes: Understanding Offer of Coverage Indicators
Employers subject to the Affordable Care Act (ACA) are required to file Form 1095-C to report the health insurance coverage […]
Real Estate Professionals: Navigating 1099-S Reporting Requirements
If you’re involved in real estate transactions—whether as a broker, title company, attorney, or closing agent—you may be responsible for
Form 1099-Q: Understanding Education Savings Plan Distributions
Paying for education is expensive, but thankfully, certain tax-advantaged savings plans can help. If you’ve contributed to or used a
You have identified your file as a correction; however, the data is not coded with a ‘G’ or ‘C’ in position 6 of the ‘B’ record(s).
❌ The Error “You have identified your file as a correction; however, the data is not coded with a ‘G’
Application Process for a FIRE TCC
Step 1: Create an IRS E-Services Account Before applying, you must register with IRS E-Services: Visit: https://www.irs.gov/e-services Create a Secure
W-2C Efficient Corrections: How to Handle Errors Discovered After Filing
Form W-2 is one of the most important information returns employers issue, summarizing wages paid and taxes withheld for each
How to Reconcile Form 1042 With Your 1042-S Filings
Reconciling Form 1042 (the annual withholding tax return) with your Form 1042-S filings is crucial to ensure consistency, avoid IRS
W-2 Box 12 Codes
W-2 Box 12 Codes and Their Meanings Code What It Stands For Explanation A Uncollected SS tax on tips Tax
State of Tennessee and Form 1099-K compliance
The State of Tennessee mandates the filing of Form 1099-K with its Department of Revenue, regardless of whether any state
Understanding the Combined Federal/State Filing Program
The Combined Federal/State Filing Program is a voluntary partnership between the IRS and participating states that allows filers to send