The IR Summary Page within the TaxBit Dashboard serves as a comprehensive console for managing and overseeing the Information Return (IR) generation, delivery, and filing processes. This guide provides an overview of its features and functionalities, aiding Tax Operations Managers and other authorized users in efficiently navigating and utilizing the platform.
Accessing the IR Summary Page
1. Login to TaxBit: Enter your credentials to log in to the TaxBit Dashboard.
2. Navigate to the Information Reporting Module: This can be found in the main dashboard menu.
3. Select ‘IR Summary’: Located within the Information Reporting Module.
Using the IR Summary Page
The IR Summary Page serves as a control center for end-to-end tax forms workflow, providing a comprehensive view of key details, management of statuses for specific forms, and tracking towards deadlines.
1. Viewing Form Statuses and Details:
- Tax Year and Form Type Selection: Choose the relevant tax year and form type (e.g., 1099-B, 1099-MISC) to view.
- Overview of Deadlines: Displays key federal deadlines, such as Recipient Copy Deadline and EFile Deadline with a countdown. In the case of an extension, the dates displayed will remain the original deadlines and not be updated.
- Form Eligibility and Generation Status: View the number of eligible users, forms not generated, and forms generated (original, correction, void).
- Form Delivery and Filing Status: Track the number of forms delivered (original, correction, void) and filed.
Troubleshooting and Support
- Common Issues: Refer to the FAQ section on the dashboard for solutions to common issues.
- Customer Support: For further assistance, contact TaxBit’s support team through the helpdesk available on the dashboard.
Q: What is the purpose of the IR Summary Page?
- The IR Summary Page is designed to manage and track the status of tax forms being delivered through TaxBit for a tax season.
Q: What Deadlines are displayed for each form?
- The IR Summary page will display the original federal deadlines for each respective form. In the case of an extension, the dates will not be updated and will continue to reflect the original deadlines.
Q: What does “Generated” mean in this context?
- "Generated" refers to the status where Form 1099s have been created and are now ready for your review. At this stage, the forms are not yet finalized and require your approval before they can be processed for delivery.
Q: What does “Delivered” mean in this context?
- "Delivered" indicates that the Form 1099s have undergone a thorough review, received approval, and have been transmitted to their final destination, such as an Amazon S3 Bucket. This status signifies that the forms are now prepared and accessible for distribution to the intended recipients.
Q: What does “Filed” mean in this context?
- “Filed” indicates that the forms have been successfully filed with the IRS.