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A 1099-K is a transaction record from third-party payment networks such as PayPal or Venmo and credit card providers. They fill out the 1099-K and send copies to the IRS, state and person receiving the payments. The objective is to ensure people report their business income on their tax returns. An entities are required to file and send a 1099-K if it transfers at least $600 to you during the year. The $600 threshold is an aggregate, meaning that even if different people send you small amount…

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The 1099-G form is used by government agencies to report payments made to businesses or individuals to the Internal Revenue Service (IRS). This does not include wages. The most common use is to report unemployment compensation or tax refunds. Have You Fallen Victim To A Fraudulent Unemployment Claim? Things to look for: While you were still employed your employer notifies you that they received a request for information about an unemployment claim in your name. A government agency mailed…

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Employers with 100 or more employees, federal contractors with 50 or more employees, and a limited number of additional employers detailed on the EEOC website are required to file an EEO-1. The 2021 EEO-1 Component 1 data collection is tentatively scheduled to open on Tuesday, April 12, 2022. The tentative deadline to file the 2021 EEO-1 Component 1 Report is Tuesday, May 17, 2022.

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As we work our way through the first quarterly filing period of 2022, most of us hope we don’t get a surprise from the Federal or State agencies we work with in the form of an official notice. If you do happen to get a notice from one of the many agencies you work with, Aatrix is here to help with any filing issue you encounter after eFiling using the Aatrix eFile Center.

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The IRS updated the forms to reflect the expiration of COVID-19-related relief provisions at the end of 2021. Form 941 retains lines to claim tax credits for qualified leave wages paid in 2022 for leave taken in 2021. Similarly, some employers may be eligible to claim the COBRA premium assistance credit for the first quarter of 2022.

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