Save 75% on Vendor Payment Costs – Join our webinar and get 1 month free trial!
W-2 Filing Available for All Businesses and Individuals
We are pleased to announce that all businesses and individuals can now file W-2 forms with Zenwork. If you previously received a letter from the Social Security Administration (SSA) regarding electronic wage report submissions, please note that the issue has been fully resolved. Our systems are fully operational, and we are processing W-2 and W-2C filings without any disruptions.
Thank you for your continued trust!
1099 Forms
Payroll Forms
STOCK OPTIONS
WAGE TAX FORMS
FORM 592-B
ACA FORMS
1098 FORMS
480 FORMS
Extension Forms
Form 8027
Form 8955-SSA
1042 FORMS
5498 Forms
STATE FILINGS
STATE Payroll Forms
STATE ONLY FILING
WEST
MIDWEST
SOUTH
NORTHEAST
File multiple returns through bulk upload and import data directly via QuickBooks, Xero, etc.
Manage multiple clients with a single sign-on and reduce operation workload with Tax1099.
Create, validate, schedule, and deliver forms effortlessly from a single platform.
Manage W-9, 1099-NEC, and other IRS forms for gig workers with our intuitive platform.
Verify Payees/Merchants with real-time TIN Matching and efile in bulk with our API.
Import and organize your trading data with our real-time data management.
TAX FORM FILING
Data Import & Management
USER & WORKFLOW MANAGEMENT
Validation & Checks
PRINT & DELIVERY
COMPLIANCE & security
ADDITIONAL FEATURES
Integrations
Acquire the help required from our support.
Visual guides to help you work with Tax1099
Stay up to date about latest IRS updates.
Read the real-life success stories of our users.
Explore industry insights & latest updates
The A-Z list for tax-related terms & definitions.
Detailed guides for smarter tax compliance.
Listen to thought-provoking insights and discussions with experts.
Tools
Looking for an efficient way to file your Form 8955-SSA online? IRS-approved Tax1099 allows you to eFile your Form 8955-SSA with security and ease, all online. IRS Form 8955-SSA is used to report information on deferred vested retirement plan participants, helping plan administrators stay compliant with reporting requirements.
Form 8955-SSA is an IRS form that provides essential information regarding participants in a qualified retirement plan who have separated from service but have not yet taken a distribution. It is critical for maintaining accurate records and ensuring compliance with IRS regulations.
Plan administrators or employers who maintain a qualified retirement plan must file Form 8955-SSA if they have separated participants with deferred vested benefits. This includes 401(k) plans, pension plans, and other types of qualified retirement arrangements. The form must be filed annually, typically along with Form 5500.
A plan administrator is not required to report a separated participant if their deferred vested benefits are tied to an annuity contract or custodial account excluded from section 403(b) plan assets, as specified in the Department of Labor (DOL) Field Assistance Bulletin (FAB) 2009-02. For this exception to apply, the following must be true:
For more information, visit DOL FAB 2009-02.
When completing Form 8955-SSA, the following details are essential:
Plan Information: Legal name and account number of the retirement plan.
Participant Information: Details of each separated participant, including their name, Social Security Number (SSN), and date of separation.
Deferred Vested Benefits: The value of the benefits which are expected to be received at some time in the future by each of the participants and this is important as far as reporting and legal needs are concerned.
Deferred vested benefits are the retirement benefits to be received by an employee, having earned them in service, but have not been so paid since the employee has terminated his relationship with a company and has not withdrawn his benefits.
Here's a breakdown of the key components:
Deferred: This means that the benefits are not easily attainable Consumers will have to wait for a long time in order to get the benefits that will enable consumer subsidies. The above benefits will be paid to the employee at some time in the future, usually when he has quit or perhaps when he is old.
Vested: Implicit benefits are those that the employee has earned his/her right to receive, including those that the employee can take fully with him/her if he/she chooses to leave the organization. This is to mean that the employee has served the required number of years or acquired other conditions laid down under the retirement plan to qualify for those benefits.
Form 8955-SSA Deadline and Important Dates
With Tax1099, you have the flexibility to schedule when your Form 8955-SSA is transmitted to the IRS. Form 8955-SSA scheduling with tax 1099 can avoid missing due dates and penalties, also allows you to ensure accuracy and compliance. This provides ample time for any necessary edits from your plan administrators or participants.
Failure to file Form 8955-SSA or to report all required participants can result in significant penalties:
Electronically-filed 8955-SSA Forms are Directly Transmitted to the IRS from Tax1099.
You will receive IRS acknowledgement of your eFile by email within 3 - 7 business days.
Let us help you calculate your next eFile
*Read more on Pricing below The CFSFP Combined Federal State Filing Program allows parts of your federal eFile to be transmitted to the state at no extra charge. Non-participating states must receive a direct file. Learn more about state filing here.