Learn about Form 1095-C, created under the Affordable Care Act. Understand employer obligations to provide health insurance information to employees and how this form impacts your tax filing.
The Affordable Care Act, also known as Obamacare, is simpler than some people may give it credit for. The basic rule to remember is that everyone must carry Minimum Essential Coverage (MEC). Employers with 50 full-time employees or more are obligated to
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This number is typically used to identify the company on its tax forms and is usually provided to employees on documents they use to file their own taxes. This is not the only type of employer code, however. In some cases, this code is a policy of conduct to which everyone in a ...
it must have its own EIN. Even if you don’t fit the criteria to require one, you may still want to apply for one. An EIN makes it possible for you to open a company bank account, apply for credit for your business, obtain business permits and provide 1099 forms for any independent...
Also, for self-employed individuals, it can help retain privacy and prevent identity theft. Many self-employed small business owners choose voluntarily to apply for an EIN so that they don’t have to use their SSN on 1099 forms, business credit applications, sales tax invoices, and other busi...
You have formed an LLC with employees or a Sole Proprietorship with excise tax return or pension filing needs You wish to obtain a business license or building permits, pay state or local taxes, or issue 1099 forms to independent contractors ...
Employers are responsible for providing W-2 forms to all their employees. When the employer does not send the W-2, the employee should ask the employer to provide it. According to the IRS, if the employer does not send the form to the employee by Feb. 15, the employer should ...
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When filing Form M-941, Employer’s Return of Income Taxes Withheld, you must also file W-2s for all employees working in Massachusetts. To file online, use the MassTaxConnect of the DOR website. To file by mail, mail form W-2 to Massachusetts Department of Revenue, Forms W-2 PO ...