Not only are you now required to provide employees with their W-2 forms and your contractors with their 1099 forms by January 31st, you will also need to file your Federal Copy A (Forms W-2, and 1099-MISC as appropriate) with the Social Security Administration (SSA) or the IRS by January 31st as well. You no longer have the option to wait until February 28th to file these form sets with the government.
The IRS has also increased penalties for failure to file and failure to furnish Forms W-2 and Forms 1099-MISC by the due date without reasonable cause.
TR Tax offers you the convenience of focusing your time where it is needed most, growing your business. Let us handle the time consuming day-to-day tasks of filing and tracking your payroll. TR Tax Payroll Services include, Direct Deposit or Check Printing, Monthly and Quarterly Payroll Tax Processing, W-2 and 1099 Preparation.
If you have question about Form W-2 or Form 1099-MISC due dates or reporting requirements, or need some assistance ensuring your company is in compliance, give us a call at 304-255-2113.