Form 5498-ESA Preparation and Distribution is Easy with AMS

Form 5498-ESA is the document used to report the education savings account contributions or rollovers made throughout a given calendar year. Also known as the Coverdell ESA Contribution Information form, the 5498-ESA is filed for each person for whom an institution or organization has maintained a Coverdell education savings account (ESA). There are several types […]

Form 5498-SA and Medical Reporting is Easier with AMS

Form 5498-SA is used to track contributions to medical accounts. Also known as the HSA, Archer MSA, or Medicate Advantage MSA Information form, the document is issued by the trustee or custodian of certain medical accounts, including: Health Savings Account (HAS) Archer Medical Savings Account (Archer MSA) Medicare Advantage MSA (MA MSA) One 5498-SA form […]

Find Your Form 5498 Software Solution with AMS

Form 5498, also known as the IRA Contribution Information form, is a very specialized document. The form is filed for each person for whom an individual or business entity has maintained an IRA (individual retirement arrangement). The IRA trustee or issuer is required to file this form with the IRS by May 31. This means […]

Get Form 1098-E with Preparation and Filing Support

If you have student loan debt, you’ve likely encountered Form 1098-E. This document is used by lenders to report how much interest borrowers paid annually. These interest payments can be deductible on federal tax returns, which makes it especially important for lenders to complete, file, and distribute Form 1098-E. If you work for a financial […]

Form 1098-C Made Simple with Filing Software Support

Form 1098-C is a very specialized and sometimes tricky form. Rather than reporting payments you have made on a mortgage, as with a 1098, Form 1098-C is used by charitable organizations to report contributions of a qualified vehicle that has claimed a value of more than $500. The organization must file a separate Form 1098-C […]

Maryland W-2 Reporting is Easier with AMS

Each year, the IRS requires employers to report employee wage and salary information on Form W-2. Along with personal information, this form also reports the amount of state, federal, and other taxes that are withheld from the year’s paychecks. However, the form is not only important to the IRS, but also to the employees, who […]

Paying the Virginia Household Employer Nanny Tax is Easier with AMS

If you need to understand Virginia household employer withholding obligations, you’re in the right place. Paying a household employer tax, also known as a nanny tax, can be very confusing. It may seem straightforward at first – after all, paying just a few people consistently should be easy, right? – but you’ll need to consider […]

New Filing Rules and Deadlines for State Payroll Forms

A new tax season brings changes to tax codes around the country, often at the state level. Before sitting down to distribute W-2s, 1099s, or complete additional tax paperwork, you’ll want to check with your state’s Department of Revenue or Department of Taxation. This is an important step to see if changes have been made […]

Everything You Should Know about FACTA Form Software

FACTA is the United States’ effort to collect taxes on foreign-held assets. If you have an aggregate value of more than $50,000, which is the reporting threshold, you’ll need to report information about those assets. While this might seem like a very specific process, some businesses may need FACTA form assistance without knowing it. If […]

Form 1099-SA Made Easy with AMS Filing Software

Form 1099-SA is commonly used in certain industries. The document, also known as Distributions From an HSA, Archer MSA, or Medicare Advantage MSA Form, is used to report distributions from one or more of three possible entities. These include: An HSA (health savings account) An Archer MSA (Archer medical savings account), and/or A MA MSA […]