--- W-2 & 1099 Filing Deadlines Monday, February 1st ---

  The earlier deadlines for filing 2020 tax year W-2 and certain 1099 Forms are coming up fast.

  Tax year 2020 continues an accelerated due date for federal W-2 filing. The deadline is February 1, 2021. Employers should ensure all W-2s are submitted on-time to avoid late or non-filing penalties assessed by the IRS.

  Many 1099 forms, including the new 1099-NEC for non-employee compensation and 1099-MISC with new reporting requirements this year are also due on February 1st.

  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 other 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/

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