W-2 & 1099 Filing Deadlines January 31st

  The earlier deadlines for filing W-2 and certain 1099 Forms are coming up fast.

  Tax year 2019 continues an accelerated due date for federal W-2 filing. The deadline is January 31, 2020. Employers should ensure all W-2s are submitted on-time to avoid late or non-filing penalties assessed by the IRS.

  Form 1099-MISC (with Box 7 nonemployee compensation checked) - is now due on January 31st - both to employees and to the government.

  After W-2s (if you have employees), the requirement to report nonemployee compensation is the most common information filing requirement for most small businesses.

  The many additional IRS information returns for which a business could be responsible have varying deadlines.

  For more information on how this may affect your small business tax requirements, check with your tax advisor and/or payroll service.

  To contact a business-oriented CPA - see Kulzick Consulting, PA - https://YourSmallBusinessCPA.com/   #Taxes #1099 #W-2 #KulzickCPA #InformationReturns #MiamiCPA #BusinessCPA #SmallBusiness