1099'S & W2's are due Janaury 31st!

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1099s & W-2s Are Due January 31st!

Employers and businesses are required to issue year-end tax forms to recipients and file them with the IRS and Social Security Administration by January 31 to avoid penalties.

1099 Filing Requirements

File Form 1099-NEC or 1099-MISC for any non-employee paid $600 or more during the year.

Due Date: January 31 (to both recipient and IRS)

Penalties for late filing (per form):

    • $60 — If filed within 30 days after the due date

    • $130 — If filed more than 30 days late but before August 1

    • $330 — If filed after August 1 or not filed at all

    • $660 — For intentional disregard of filing requirements

View IRS 1099 Penalty Guidelines

W-2 Filing Requirements

Form W-2 must be issued to each employee to report wages and taxes withheld. A copy must also be filed with the Social Security Administration.

Due Date: January 31 (to both employee and SSA)

Penalties for late filing (per form):

    • $60 — If filed within 30 days after the due date

    • $130 — If filed more than 30 days late but before August 1

    • $330 — If filed after August 1 or not filed at all

    • $660 — For intentional disregard of filing requirements

View IRS W-2 Filing Reminder

Need help filing your 1099s or W-2s? Contact our team today.