Full-time hours
What Are Full-Time Hours?Full-time hours refer to the number of hours an individual must regularly work to be recognized as a full-time employee rather than a part-time worker. In the United States, there is no federal law that clearly defines what constitutes full-time work, so companies are free to set their own internal policies. Some […]
Form 8809
What Is IRS Form 8809?Form 8809 is a document that businesses can file with the Internal Revenue Service (IRS) to request a 30-day extension for submitting certain information returns. However, this extension applies only to specific forms, such as W-2s and 1099s—and approval conditions may vary depending on the form type. Purpose of Form 8809Companies […]
Form 5498-SA
Understanding Form 5498-SA: Overview and Key InformationForm 5498-SA is a federal tax form used to report contributions to Health Savings Accounts (HSAs), Archer Medical Savings Accounts (MSAs), and Medicare Advantage MSAs (MA MSAs). This document must be provided both to the Internal Revenue Service (IRS) and to the account owner. Purpose of Form 5498-SAThe IRS […]
Form 1099-SA
Form 1099-SA: What It Is and Why It MattersForm 1099-SA is a federal tax form used to report money withdrawn from Health Savings Accounts (HSAs), Archer Medical Savings Accounts (Archer MSAs), and Medicare Advantage MSAs (MA MSAs). This form is issued by the trustee — typically a bank, insurance provider, or other IRS-approved institution, and […]