IRS Form 1095-C : Boxes 14, 15 and 16
IRS Form 1095-C is used by applicable large employers (ALEs) to report information about health insurance coverage offered to their employees under the Affordable Care Act (ACA). Boxes 14, 15, and 16 are crucial for reporting specific details about the coverage provided. Here’s a breakdown of what each of these boxes represents: Box 14: Offer […]
What is the release date for IRS Form 1099-DA?
The IRS has not yet formally announced the release date for Form 1099-DA or when reporting will officially begin, but it is expected to take effect for the 2024 tax year, meaning digital asset transactions occurring in 2024 would be reported on Form 1099-DA by early 2025. This timeline aligns with the IRS’s focus on […]
