Your Taxes and the Affordable Care Act
Starting
with this year's filing season, taxpayers must report certain
information related to health care coverage on their 2014 tax return
when they file this April. In addition, taxpayers must provide proof of
health insurance coverage or that they have received an exemption.
With that in mind, let's take a look at how the Affordable Care Act
might affect your tax situation, and based on your type of coverage,
which new tax forms you might be receiving.
Tip: For additional information about IRS tax forms related to health care insurance, please see the article, Health Care Law: Changes to IRS Tax Forms, below.
Overview
The biggest change for most taxpayers is found on Line 61 of Form
1040, where individuals must either check a box to show they had health
insurance or pay a penalty. In general, the penalty applies to
individuals who did not have health insurance for more than three months
in 2014.
In 2014, the penalty is the greater of one percent of modified
adjusted gross income or $95 per adult ($47.50 per child under age 18,
up to a maximum of $285 per family). While the IRS cannot issue a lien
against you in order to make you pay the penalty, they are allowed to
withhold the money from your refund.
Certain persons may qualify for an exemption from the penalty such as
those who do not need to file a tax return ($10,150 for individuals,
$13,050 for heads of household, and $20,300 for a married couples filing
jointly). Other exceptions (there are eight in total) include being a
member of a federally recognized tribe or qualifying for a hardship
exemption if you filed for bankruptcy in the last 6 months or had
medical expenses you couldn't pay in the last 24 months that resulted in
substantial debt.
Caution: Taxpayers who believe they qualify for an exemption must apply and receive an exemption certificate from the Marketplace.
There's an additional twist for the approximately eight million
people who purchased health insurance through the Healthcare Marketplace
("the Exchanges"), many of whom received subsidies that were paid to
insurance companies and applied directly to their insurance premiums.
What taxpayers might not realize is that in many cases these
subsidies were based on household size and income for 2012. Remember,
the enrollment period began October 1, 2013 before taxpayers had filed
their 2013 tax returns.
If income or household size changed in 2014 and the IRS was not
notified of these updates, taxpayers may be liable for paying additional
subsidy monies or conversely, receive refunds for amounts overpaid. In
other words, if you received a bonus in 2014 (change in household
income), it could mean that you owe the government money.
Enrollment through an Employer, Private Insurance, Medicaid or Medicare
New Tax Forms: 1095-B, 1095-C
1095-B. If your healthcare coverage is provided by private
insurers or self-funded plans, you should receive Form 1095-B; however,
because tax year 2014 is a transition year, these forms are not required
when filing your 2014 tax return.
1095-C. If your healthcare coverage is provided by your
employer, you should receive Form 1095-C; however, because tax year 2014
is a transition year, these forms are not required when filing your
2014 tax return.
Enrollment through the Healthcare Marketplace
New Tax Forms: 1095-A, Form 8962
Form 1095-A. If you purchased health insurance from the
Marketplace you will receive Form 1095-A showing details of your
coverage such as the effective date, amount of your premium payment, and
any advanced premium credit you received.
Form 8962. The amount of any advanced premium credit you
received in 2014 is reported on Form 8962. This form is also used to
figure out the actual premium credit as well.
No Health Insurance
If you DO qualify for an exemption: Taxpayers must apply for
the exemption from the Marketplace and if approved, will receive an
exemption certificate number, which must be reported on Form 8965.
If you DO NOT qualify for an exemption: Taxpayers that do not
qualify for an exemption and are uninsured are required to pay a penalty
(see above) when filing their tax return. Form 8965 is used to
calculate the penalty.
Don't hesitate to call or email with any questions about the ACA and your taxes.

Taxpayer Beware: Phishing and Phone Scams
IRS
impersonation phone scams, as well as phishing continue to be a serious
threat to taxpayers topping the list of the IRS "Dirty Dozen" tax
schemes once again.
The IRS impersonation phone scam has claimed nearly 3,000 victims who
have collectively paid over $14 million, the Treasury Inspector General
for Tax Administration recently warned.
Phishing email scams continue to be pervasive as well. Illegal scams
such as these can lead to significant penalties and interest and
possible criminal prosecution. IRS Criminal Investigation works closely
with the Department of Justice (DOJ) to shutdown scams and prosecute the
criminals behind them.
Both IRS impersonation phone scams and phishing are on the list of
the annual IRS list of "Dirty Dozen" tax schemes. Compiled annually, the
"Dirty Dozen" lists a variety of common scams that taxpayers may
encounter anytime but many of these schemes peak during filing season as
people prepare their returns or find people to help with their taxes.
IRS Impersonation Phone Scams
Phone scams, which have hit taxpayers in every State in the country
top the "Dirty Dozen" list this year because it has been a persistent
and pervasive problem for many taxpayers for many months. Here's how it
works:
Callers claiming to be from the IRS tell intended victims they owe
taxes and must pay using a pre-paid debit card or wire transfer. Anyone
who refuses to pay is threatened with immediate arrest, deportation or
loss of a business or driver's license.
Scammers are able to alter caller ID numbers to make it look like the
IRS is calling. They use fake names and bogus IRS badge numbers. They
often leave "urgent" callback requests.
They prey on the most
vulnerable people, such as the elderly, newly arrived immigrants and
those whose first language is not English. Scammers have also been known
to impersonate agents from IRS Criminal Investigation as well.
"It is critical that all taxpayers continue to be wary of unsolicited
telephone calls from individuals claiming to be IRS employees," said
TIGTA Inspector General J. Russell George. "This scam, which is
international in nature, has proven to be the largest scam of its kind
that we have ever seen. The callers are aggressive, they are relentless,
and they are ruthless. Once they have your attention, they will say
anything to con you out of your hard-earned cash."
Taxpayers should keep the following in mind:
- The IRS usually first contacts people by mail--not by phone--about unpaid taxes.
- The IRS won't ask for payment using a pre-paid debit card or wire transfer.
- The IRS also won't ask for a credit card number over the phone.
- The IRS will never threaten to bring in local police or other law-enforcement groups to have you arrested for not paying.
Phishing Email Scams
Phishing is a scam that is typically carried out with the help of
unsolicited email or a fake website that poses as a legitimate site to
lure in potential victims and prompt them to provide valuable personal
and financial information. Armed with this information, a criminal can
commit identity theft or financial theft.
It is important to keep in mind the IRS generally does not initiate
contact with taxpayers by email to request personal or financial
information. This includes any type of electronic communication, such as
text messages and social media channels.
"The IRS won't send you an email about a bill or refund out of the
blue. Don't click on one claiming to be from the IRS that takes you by
surprise," said IRS Commissioner John Koskinen. "I urge taxpayers to be
wary of clicking on strange emails and websites. They may be scams to
steal your personal information."
How to Protect Yourself
Don't be fooled. These con artists can sound convincing when they call and they may know a lot about you.
"These criminals try to scare and shock you into providing personal
financial information on the spot while you are off guard," Koskinen
said. "Don't be taken in and don't engage these people over the phone."
If you get a phone call from someone claiming to be from the IRS and asking for money, here's what you should do:
- If you know you owe taxes or think you might owe, call the IRS at
1-800-829-1040. The IRS workers can help you with a payment issue.
- If you know you don't owe taxes or have no reason to believe
that you do, report the incident to the TIGTA at 1-800-366-4484 or at www.TIGTA.gov.
- If you've been targeted by this scam, also contact the Federal
Trade Commission and use their "FTC Complaint Assistant" at FTC.gov.
Please add "IRS Telephone Scam" to the comments of your complaint.
If you receive an unsolicited email that appears to be from either
the IRS or an organization closely linked to the IRS, such as the
Electronic Federal Tax Payment System (EFTPS), report it by sending it
to phishing@irs.gov.
If you think you've been a victim of an IRS impersonation phone scam or phishing don't hesitate to call.

Five Ways to Improve Your Financial Situation
If you are having trouble paying your debts, it is important to take
action sooner rather than later. Doing nothing leads to much larger
problems in the future, whether it's a bad credit record or bankruptcy
resulting in the loss of assets and even your home. If you're in
financial trouble, then here are some steps to take to avoid financial
ruin in the future.
If you've accumulated a large amount of debt and are having
difficulty paying your bills each month, now is the time to take
action--before the bill collectors start calling.
1. Review each debt. Make sure that the debt creditors claim
you owe is really what you owe and that the amount is correct. If you
dispute a debt, first contact the creditor directly to resolve your
questions. If you still have questions about the debt, contact your
state or local consumer protection office or, in cases of serious
creditor abuse, your state Attorney General.
2. Contact your creditors. Let your creditors know you are
having difficulty making your payments. Tell them why you are having
trouble-perhaps it is because you recently lost your job or have
unexpected medical bills. Try to work out an acceptable payment schedule
with your creditors. Most are willing to work with you and will
appreciate your honesty and forthrightness.
Tip: Most automobile financing
agreements permit your creditor to repossess your car any time you are
in default, with no advance notice. If your car is repossessed you may
have to pay the full balance due on the loan, as well as towing and
storage costs, to get it back. Do not wait until you are in default. Try
to solve the problem with your creditor when you realize you will not
be able to meet your payments. It may be better to sell the car yourself
and pay off your debt than to incur the added costs of repossession.
3. Budget your expenses. Create a spending plan that allows
you to reduce your debts. Itemize your necessary expenses (such as
housing and health care) and optional expenses (such as entertainment
and vacation travel). Stick to the plan.
4. Try to reduce your expenses. Cut out any unnecessary
spending such as eating out and purchasing expensive entertainment.
Consider taking public transportation or using a car sharing service
rather than owning a car. Clip coupons, purchase generic products at the
supermarket and avoid impulse purchases. Above all, stop incurring new
debt. Leave your credit cards at home. Pay for all purchases in cash or
use a debit card instead of a credit card.
5. Pay down and consolidate your debts. Withdrawing savings
from low-interest accounts to settle high-rate loans or credit card debt
usually makes sense. In addition, there are a number of ways to pay off
high-interest loans, such as credit cards, by getting a refinancing or
consolidation loan, such as a second mortgage.
Tip: Selling off a second car not only provides cash but also reduces insurance and other maintenance expenses.
Caution: Be wary of any loan consolidations or other refinancing that actually increase interest owed, or require payments of points or large fees.
Caution: Second mortgages greatly increase the risk that you may lose your home.
You can regain financial health if you act responsibly. But don't
wait until bankruptcy court is your only option. If you're having
financial troubles, don't hesitate to call.

Missing Your Form W-2?
You should receive a Form W-2, Wage and Tax Statement, from
each of your employers for use in preparing your federal tax return.
Employers must furnish this record of 2014 earnings and withheld taxes
no later than February 2, 2015 (if mailed, allow a few days for
delivery).
If you do not receive your Form W-2, contact your employer to find
out if and when the W-2 was mailed. If it was mailed, it may have been
returned to your employer because of an incorrect address. After
contacting your employer, allow a reasonable amount of time for your
employer to resend or to issue the W-2.
If you still do not receive your W-2 by February 15th, contact the
IRS for assistance at 1-800-829-1040. When you call, have the following
information handy:
the employer's name and complete address, including zip code, and the employer's telephone number;
the employer's identification number (if known);
your name and address, including zip code, Social Security number, and telephone number; and
an estimate of the wages you earned, the federal income tax withheld, and the dates you began and ended employment.
If you misplaced your W-2, contact your employer. Your employer can
replace the lost form with a "reissued statement." Be aware that your
employer is allowed to charge you a fee for providing you with a new
W-2.
You still must file your tax return on time even if you do not
receive your Form W-2. If you cannot get a W-2 by the tax filing
deadline, you may use Form 4852, Substitute for Form W-2, Wage and Tax
Statement, but it will delay any refund due while the information is
verified.
If you receive a corrected W-2 after your return is filed and the
information it contains does not match the income or withheld tax that
you reported on your return, you must file an amended return on Form
1040X, Amended U.S. Individual Income Tax Return.
If you have questions about your Forms W-2 or 1099 or any other tax-related materials, please call or email.

Updated Withholding Tables for 2015
Updated income-tax withholding tables for 2015 have been
released by the IRS and supersede early release withholding tables
issued in December 2014. The newly revised version contains percentage
method income-tax withholding tables and related information that
employers need to implement these changes.
In addition, employers should continue withholding Social Security
tax at the rate of 6.2 percent of wages paid. The Social Security wage
base limit increases to $118,500. The Medicare tax rate remains at 1.45
percent each for the employee and employer.
The additional Medicare tax of 0.9 percent for employees (not
employers) remains in effect and should be withheld from employee wages
that exceed $200,000 in a calendar year, at the beginning in the pay
period in which the employee's wages exceed $200,000.
In 2015 the amount for one withholding allowance on an annual basis
is $4,000. Employers should start using the revised withholding tables
and correct the amount of Social Security tax withheld as soon as
possible in 2015, but not later than February 15, 2015. For any Social
Security tax under-withheld before that date, employers should make the
appropriate adjustment in workers' pay as soon as possible, but not
later than March 31, 2015.
Employers and payroll companies handle the withholding changes, so
workers typically won't need to take any additional action, such as
filling out a new W-4 withholding form. Individuals and couples with
multiple jobs, people who are having children, getting married, getting
divorced or buying a home, and those who typically wind up with a
balance due or large refund at the end of the year may want to consider
submitting revised W-4 forms.
As always, it's prudent for workers to review their withholding every
year and, if necessary, fill out a new W-4 to give to their employer.
For example, individuals and couples with multiple jobs, people who are
having children, getting married, getting divorced or buying a home, and
those who typically wind up with a balance due or large refund at the
end of the year may want to consider submitting revised W-4 forms.
Please call the office if you have any questions about income tax withholding in 2015.

Health Care Law: Changes to IRS Tax Forms
This year, there are some changes to tax forms related to the
Affordable Care Act. Along with several new lines on existing forms,
there are also two new forms that need to be included with some tax
returns.
While most taxpayers simply need to check a box on their tax return
to indicate they had health coverage for all of 2014, there are new
lines on Forms 1040, 1040A, and 1040EZ related to the health care law.
Information about the new forms and updates to existing forms is
summarized below
Form 8965, Health Coverage Exemptions
- Complete this form to report a Marketplace-granted coverage exemption or claim an IRS-granted coverage exemption on the return.
- Use the worksheet in the Form 8965 Instructions to calculate the shared responsibility payment.
Form 8962, Premium Tax Credit
- Complete this form to reconcile advance payments of the premium tax credit, and to claim this credit on the tax return.
Additionally, if individuals purchased coverage through the Health
Insurance Marketplace, they should receive Form 1095-A, Health Insurance
Marketplace Statement, which will help complete Form 8962.
Form 1040
- Line 46: Enter advance payments of the premium tax credit that must be repaid
- Line 61: Report health coverage and enter individual shared responsibility payment
- Line 69: If eligible, claim net premium tax credit, which is the
excess of allowed premium tax credit over advance credit payments
Form 1040A
- Line 29: Enter advance payments of the premium tax credit that must be repaid
- Line 38: Report health coverage and enter individual shared responsibility payment
- Line 45: If eligible, claim net premium tax credit, which is the
excess of allowed premium tax credit over advance credit payments
Form 1040EZ
- Line 11: Report health coverage and enter individual shared responsibility payment
- Form 1040EZ cannot be used to report advance payments or to claim the premium tax credit
For more information about the Affordable Care Act or assistance filing your 2014 income tax return, don't hesitate to call.

Creating Item Records in QuickBooks
Whether
you're selling one-of-a-kind items or stocking dozens of the same kinds
of products, you need to create records for each. When it comes time to
create invoices or sales receipts, your careful work defining each type
of item will:
- Ensure that your customers receive correct descriptions and pricing,
- Provide the information you must know about your inventory levels, and,
- Help you make smart decisions about reordering.
You'll start this process by making sure that your QuickBooks file is set up to track inventory. Open the Edit menu and select Preferences, then Items & Inventory. Click the Company Preferences tab and click in the box in front of Inventory and purchase orders are activated
if there isn't a check in the box already. Here, too, you can ask that
QuickBooks warn you when there isn't enough inventory to sell. Click OK when you're finished.
Figure 1: You need to be sure that QuickBooks knows you'll be tracking inventory before you start making sales.
To create your first item, open the Lists menu and select Item List. Click the down arrow next to Item in the lower left corner of the window that opens and select New. The New Item window opens.
Warning: You must be very precise when you're creating
item records in order to avoid confusing your customers and creating
problems with your accounting down the road. Please call us if you want
us to walk you through the first few items.
QuickBooks should display the list of options below TYPE. Since you're going to be tracking inventory that you buy and sell, select Inventory Part. Enter a name and/or item number in the next field. This is not the text that will appear on transactions; it's simply for you to be able to recognize each item in your own bookkeeping.
Figure 2: Let us work with you if you have any doubts about the data that needs to be entered in the New Item window. It must be 100 percent accurate.
In the example above, the box next to Subitem of has a check mark in it because "Light Pine" is only one of the cabinet types you sell (you can check this box and select if you want to create a new "parent" item on the fly). Leave the next field blank if your item doesn't have a Part Number, and disregard UNIT OF MEASURE unless you're using QuickBooks Premier or above.
Fill in the PURCHASE INFORMATION and SALES INFORMATION
fields (or select from the lists of options). Keep in mind that the
descriptive text you enter here will appear on transaction forms, though
customers will never see what you've actually paid for items, of course
(your Cost, as opposed to the Sales Price).
QuickBooks should have automatically selected the COGS Account (Cost of Goods Sold), but you'll need to specify an Income Account. Please ask us if you're not sure, as this is a critical designation. The Preferred Vendor and Tax Code fields will display lists if you've already set these up.
QuickBooks should have pre-selected your Asset Account. If you want to be alerted when your inventory level for this item has fallen to a specific number (Min) so you can reorder up to the point you specify in the Max field, enter those numbers there (the Inventory to Reorder option must be turned on in Edit | Preferences | Reminders).
If you already have this item in stock, enter the number under On Hand. QuickBooks will automatically calculate Average Cost and On P.O. (Purchase Order).
Click OK when you've completed all of the fields. This item will now appear in your Item List,
and will be available to use in transactions. When you want to create,
edit, delete, etc. any of your items, simply open the same menu you
opened in the first step here (Lists | Item List | Item).
Figure 3: The Item menu, found in the lower left corner of the Item List.
Precisely created Inventory Part records are critical to accurate sales and purchase transactions. So use exceptional care in building them.

Tax Due Dates for February 2015
February 2
Employers - Give your employees their copies of Form
W-2 for 2014 by February 2, 2015. If an employee agreed to receive Form
W-2 electronically, post it on a website accessible to the employee and
notify the employee by February 2, 2015.
Businesses - Give annual information statements to recipients of 1099 payments made during 2014.
Employers - Federal unemployment tax. File Form 940
for 2014. If your undeposited tax is $500 or less, you can either pay it
with your return or deposit it. If it is more than $500, you must
deposit it. However, if you already deposited the tax for the year in
full and on time, you have until February 10 to file the return.
Employers - Social Security, Medicare, and withheld
income tax. File Form 941 for the fourth quarter of 2014. Deposit any
undeposited tax. (If your tax liability is less than $2,500, you can pay
it in full with a timely filed return.) If you deposited the tax for
the quarter in full and on time, you have until February 10 to file the
return.
Employers - Nonpayroll taxes. File Form 945 to
report income tax withheld for 2014 on all nonpayroll items, including
backup withholding and withholding on pensions, annuities, IRAs,
gambling winnings, and payments of Indian gaming profits to tribal
members. Deposit any undeposited tax. (If your tax liability is less
than $2,500, you can pay it in full with a timely filed return.) If you
deposited the tax for the year in full and on time, you have until
February 10 to file the return.
Individuals - who must make estimated tax payments.
If you did not pay your last installment of estimated tax by January 15,
you may choose (but are not required) to file your income tax return
(Form 1040) for 2014. Filing your return and paying any tax due by
February 2, 2015 prevents any penalty for late payment of last
installment.
Payers of Gambling Winnings - If you either paid
reportable gambling winnings or withheld income tax from gambling
winnings, give the winners their copies of Form W-2G.
Certain Small Employers - File Form 944 to report
Social Security and Medicare taxes and withheld income tax for 2014.
Deposit or pay any undeposited tax under the accuracy of deposit rules.
If your tax liability is $2,500 or more from 2014 but less than $2,500
for the fourth quarter, deposit any undeposited tax or pay it in full
with a timely filed return.
All businesses - Give annual information statements
to recipients of certain payments you made during 2014. You can use the
appropriate version of Form 1099 or other information return. Form 1099
can be issued electronically with the consent of the recipient.
Forms 1099-B, 1099-S, and certain reporting on Form 1099-MISC,
Miscellaneous Income, are due to recipients by February 17. Payments
that may be covered include the following:
- Cash payments for fish (or other aquatic life) purchased from anyone engaged in the trade or business of catching fish.
- Compensation for workers who are not considered employees (including fishing boat proceeds to crew members).
- Dividends and other corporate distributions.
- Interest.
- Rent.
- Royalties.
- Payments of Indian gaming profits to tribal members.
- Profit-sharing distributions.
- Retirement plan distributions.
- Original issue discount.
- Prizes and awards.
- Medical and health care payments.
- Debt cancellation (treated as payment to debtor).
- Cash payments over $10,000. See the instructions for Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or Business.
February 10
Employees - who work for tips. If you received $20 or more in tips during January, report them to your employer. You can use Form 4070.
Employers - Social Security, Medicare, and
withheld income tax. File Form 941 for the fourth quarter of 2014. This
due date applies only if you deposited the tax for the quarter in full
and on time.
Farm Employers - File Form 943 to report Social
Security and Medicare taxes and withheld income tax for 2014. This due
date applies only if you deposited the tax for the year in full and on
time.
Certain Small Employers - File Form 944 to
report Social Security and Medicare taxes and withheld income tax for
2014. This tax due date applies only if you deposited the tax for the
year in full and on time.
Employers - Nonpayroll taxes. File Form 945 to
report income tax withheld for 2014 on all nonpayroll items. This due
date applies only if you deposited the tax for the year in full and on
time.
Employers - Federal unemployment tax. File Form
940 for 2014. This due date applies only if you deposited the tax for
the year in full and on time.
February 17
Employers - Social Security, Medicare, and withheld
income tax. If the monthly deposit rule applies, deposit the tax for
payments in January.
Employers - Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in January.
Individuals - If you claimed exemption from income
tax withholding last year on the Form W-4 you gave your employer, you
must file a new Form W-4 by this date to continue your exemption for
another year.
All businesses. Give annual information statements
to recipients if certain payments you made during 2014. You can use the
appropriate version of Form 1099 or other information return. Form 1099
can be issued electronically with the consent of the recipient. This due
date applies only to the following types of payments.
- All payments reported on Form 1099-B, Proceeds From Broker and Barter Exchange Transactions.
- All payments reported on Form 1099, Proceeds From Real Estate Transactions.
- Substitute payments reported in box 8 or gross proceeds paid to an attorney reported in box 14 of Form 1099-MISC.
February 18
Employers - Begin withholding income tax from the
pay of any employee who claimed exemption from withholding in 2014, but
did not give you a new Form W-4 to continue the exemption this year.
March 2
Businesses - File information returns (Form 1099) for certain payments you made during 2014. These payments are described under February 2.
There are different forms for different types of payments. Use a
separate Form 1096 to summarize and transmit the forms for each type of
payment. See the 2014 Instructions for Forms 1099, 1098, 5498, and W-2G
for information on what payments are covered, how much the payment must
be before a return is required, what form to use, and extensions of time
to file.
If you file Forms 1097, 1098, 1099, 3921, 3922, or W-2G
electronically (not by magnetic media), your due date for filing them
with the IRS will be extended to March 31. The due date for giving the
recipient these forms is still February 2.
Farmers and Fishermen - Farmers and fishermen. File
your 2014 income tax return (Form 1040) and pay any tax due. However,
you have until April 15 to file if you paid your 2014 estimated tax by
January 15, 2015.
Payers of Gambling Winnings - File Form 1096, Annual Summary and Transmittal of U.S. Information Returns,
along with Copy A of all the Forms W-2G you issued for 2014. If you
file Forms W-2G electronically (not by magnetic tape), your due date for
filing them with the IRS will be extended to March 31. The due date for
giving the recipient these forms remains February 2.
Employers - File Form W-3, Transmittal of Wage and Tax Statements, along with Copy A of all the Forms W-2 you issued for 2014.
If you file Forms W-2 electronically (not by magnetic media), your
due date for filing them with the SSA will be extended to March 31. The
due date for giving the recipient these forms is still February 2.
Employers - with employees who work for tips. File Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips. Use Form 8027-T, Transmittal of Employer's Annual Information Return of Tip Income and Allocated Tips,
to summarize and transmit Forms 8027 if you have more than one
establishment. If you file Forms 8027 electronically (not by magnetic
tape), your due date for filing them with the IRS will be extended to
March 31.

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