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We can
eliminate the stress of filing information returns by providing
complete, secure outsourcing solutions for IRS Form 1098.
Stay compliant, reduce administrative costs and know that the job
will get done right.
There
is no software to purchase, install and/or learn. We can handle
everything from data conversion to printing, mailing and e-filing
meeting every deadline and expectation.
Our
1098 outsourcing services comply with the latest tax rules and
regulations - another facet of our services that will save you time
over desktop tax form processing software solutions that require
manual updates.
We are
registered with the IRS FIRE (Filing Information Returns
Electronically) program.
Instructions for
Recipient
Distributions from a health savings
account (HSA), Archer MSA, or Medicare Advantage (MA) MSA are
reported to you on Form 1099-SA. File Form 8853 or Form 8889 with
your Form 1040 to report a distribution from these accounts even if
the distribution is not taxable. The payer is not required to
compute the taxable amount of any distribution.
An HSA or Archer MSA distribution is
not taxable if you used it to pay qualified medical expenses of the
account holder and family or you rolled it over. An HSA may be
rolled over to another HSA; an Archer MSA may be rolled over to
another Archer MSA or an HSA. An MA MSA is not taxable if you used
it to pay qualified medical expenses of the account holder only. If
you did not use the distribution from an HSA, Archer MSA, or MA MSA
to pay for qualified medical expenses, or in the case of an HSA or
Archer MSA, you did not roll it over, you must include the
distribution in your income (see Form 8853 or Form 8889). Also, you
may owe a penalty.
Due Dates
Furnish Copy B of this form to the
payer by January 31.
File Copy A of this form with the IRS
by February 28. If you file electronically, the due date is
April 2.
Please send an e-mail to
info@efileclaims.com with any feedback
or comments about any of our services.
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