BMT Office Administration

JUNE 3, 2023

One tidbit we’ve picked up? The pause in student loan collections is unrelated to the Department of Education’s plan to forgive up to $20,000 in student loan debt. The Inflation Reduction Act, enacted last summer, requires the IRS to determine whether it could cut out the middlemen and create its own free file program.

Payroll 52

Payroll Filing Agencies Holidays 52

BMT Office Administration

OCTOBER 6, 2022

However, Payroll teams are busy preparing for a different season — year-end reporting. Plan for a lower mandatory e-filing threshold. We don’t yet know whether the IRS will issue final regulations dropping the mandatory e-filing threshold down to 100 or more information returns from 250 or more returns. With this in mind: 3.

Payroll 52

Payroll Fax Filing 2021 52

BMT Office Administration

JANUARY 11, 2023

Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. Final e-filing regs. The IRS punted on its final regulations , dropping the mandatory e-filing threshold for information returns for 2021 and 2022 W-2s, 1099s, and 1095s. This is prescient.

Payroll 52

Payroll 2023 Medical Agenda 52

BMT Office Administration

MARCH 4, 2022

Once I got the hang of loading the tax-prep software onto my almost-brand-new Windows 10 laptop and ran through sometimes deliberately vague set-up questions, I discovered several blatant errors. Probably, but I’m not owning up to it yet. I stuck to the top—Do I Need to File a Tax Return? But it’s not.

Payroll 52

Payroll 2021 Filing 2002 52

BMT Office Administration

MARCH 16, 2022

There’s a reason the IRS rolled out some new tools and beefed up some old tools on its website this filing season—it’s still bogged down with last year’s returns! The likely effect will be delayed tax refunds for taxpayers who file even minimally complex returns. 2021 Form 1040 tax filing stats so far.

2021 52

2021 Filing Payroll 2022 52

BMT Office Administration

NOVEMBER 16, 2022

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. Form W-2 filing requirements.

Payroll 52

Payroll Forms Filing Expenses 52

BMT Office Administration

OCTOBER 27, 2022

The instructions are still in draft form , however not much has changed from the 2021 reporting. You report the employee’s monthly premium for the lowest-cost self-only plan, regardless of the coverage employees take up on Line 15. 28 if you’re filing on paper or March 31 if you’re e-filing. That’s the good news.

Forms 52

Forms 2022 Filing Health 52