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Guide

1099 Basics for Small Business Owners

As a successful small business owner, you know how useful it can be to hire independent contractors with specific expertise and skills. You can bring them on when you need them with without the commitment or cost of an employee. But, then you have those 1099 forms to contend with.   1099 reporting used to be fairly straightforward,... Read more »

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Guide

ACA Reporting Basics for Employers

Under the ACA, the IRS requires information reporting for certain Applicable Large Employers (ALE) and smaller, self-insured employers. These requirements are mandated by two sections of the Internal Revenue Code. Together, they ensure that employers report health insurance coverage information to the IRS and furnish statements to employees annually. The reported information summarizes who was offered coverage and whether the insurance meets all ACA mandates.

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Guide

What is a Tax Identification Number (TIN)?

A Users Guide to More Accurate Tax Filings A tax identification number or TIN may be a Social Security Number (SSN), Employer Identification Number (EIN), Individual Taxpayer Identification Number (ITIN), or Adoption Taxpayer Identification Number (ATIN). A valid Social Security Number may only be issued by the Social Security Administration. An EIN, ITIN or, ATIN... Read more »

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Guide

California (CA) 592 Reporting

Ensuring California tax compliance California requires 7% withholding and quarterly reporting by any individual or business making payments of more than $1,500 of California Source Income to a person, corporation, partnership, beneficiary or vendor who is a non-resident of California. With our online CA 592-B reporting service you can easily import, or manually enter, CA... Read more »

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Guide

Tax Exempt Interest and Municipal Bond Reporting

Easily eFile federal tax-exempt interest to states Certain states require special reporting of federally tax-exempt municipal securities, such as: bonds, mutual funds, money market funds, unit investment trusts, and more. State reporting requirements for federally tax exempt interest varies per state but can include: exempt interest, exempt interest dividends, accrued interest received, accrued interest paid,... Read more »

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