Tax Reporting & Compliance

, Form 1099-NEC returns for TY2020

Form 1099-NEC returns for TY2020

The IRS announced that it will be bringing back form 1099-NEC to report non-employee compensation separate from the 1099-MISC.  This form 1099-NEC has been retired since 1983. The change would go into effect for TY2020 (not the current 2019 tax year). Since the PATH Act was passed in 2015,...

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, Pressure Seal 101

Pressure Seal 101

You may not be familiar with what pressure seal forms are but, the chances are that you have come into contact with them before. Pressure seal paper forms have many uses. Most often pressure sealed forms are used to print and mail tax documents, checks, grade reports, invoices or...

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, IRS Extends the Deadline to Furnish Forms 1095-C & 1095-B

IRS Extends the Deadline to Furnish Forms 1095-C & 1095-B

Today on November 18, 2016 the IRS sent out Notice 2016-70 announcing the extension for furnishing information returns 1095-C and 1095-B to recipients.  This will be the second year for mandated ACA reporting and the second year an extension has been granted. Last year the 2015 mailing deadline was...

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, President Trump and the Fate of the ACA

President Trump and the Fate of the ACA

Tuesday night’s election outcome defied pollster predictions and Trump’s entrance to the White House raises some questions about the future of the Affordable Care Act (ACA). During Trump’s presidential campaign he continually promised to repeal the ACA if he became president.  In fact he’s been quoted promising to get...

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, Nelnet Business Solutions Partners with Tab Service Company to Provide 1098-T Processing

Nelnet Business Solutions Partners with Tab Service Company to Provide 1098-T Processing

Nelnet Business Solutions, a leader in providing comprehensive campus commerce solutions which empower more than 750 higher education institutions, has announced a new partnership with Tab Service Company to develop an interface between Nelnet’s payment processing platforms and 1098-T processing services from Tab Service Company. “The ability to integrate...

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, TSC1099 introduces their new Affordable Care Act (ACA) Reporting & Compliance application

TSC1099 introduces their new Affordable Care Act (ACA) Reporting & Compliance application

CHICAGO, Sept. 16, 2015 /PRNewswire/ — Tab Service Company has been a leader in 1099 tax form outsourcing services for decades.  The tax form processing application TSC1099, is a complete cloud-based reporting and compliance solution.  It enables businesses to upload data that is quickly processed, printed, mailed and e-filed...

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