W-2s, W-3s, 1099-MISC, Information Returns Due Date: January 31


HI, I’M BECKI, AND I WORK FOR
THE INTERNAL REVENUE SERVICE. IF YOU ARE AN EMPLOYER,
HERE’S AN IMPORTANT REMINDER ABOUT A LAW CHANGE
THAT MOST LIKELY AFFECTS YOU. AS AN EMPLOYER,
THE LAW NOW REQUIRES YOU TO FILE THE COPY OF THE W-2 FORMS
YOU GIVE TO YOUR EMPLOYEES BY JANUARY 31ST. THIS INCLUDES THE W-3 FORMS. AS IN THE PAST, YOU STILL NEED
TO SEND THESE FORMS TO THE SOCIAL SECURITY ADMINISTRATION. NOW YOU JUST NEED TO DO THAT
A LITTLE SOONER. THAT’S ALSO THE DEADLINE IF YOU
HAVE INDEPENDENT CONTRACTORS WORKING FOR YOU. IN OTHER WORDS, IF YOU’RE FILING
A FORM 1099 MISCELLANEOUS AND YOU USE BOX SEVEN,
NON-EMPLOYEE COMPENSATION, YOU NEED TO SEND IN YOUR COPY
OF THAT FORM BY JANUARY 31. THIS DEADLINE HELPS US PREVENT FRAUD
BECAUSE WE CAN CHECK TAXPAYERS’ RETURNS WITH YOUR RECORDS SOONER. HERE ARE SOME TIPS TO HELP YOU FILE THESE
FORMS ON TIME AND AVOID PENALTIES. BEFORE THE END OF THE YEAR, MAKE SURE YOUR EMPLOYEES’
INFORMATION IS CORRECT, THIS INCLUDES NAMES,
ADDRESSES AND ID NUMBERS. ALSO, DOUBLE CHECK YOUR COMPANY’S INFORMATION
WITH THE SOCIAL SECURITY ADMINISTRATION AND WITH ANY AGENCY WHOSE INFORMATION
YOU RELY ON TO COMPLETE W-2’S. IF YOU NEED PAPER FORMS,
ORDER THEM EARLY. IF A PAYROLL SERVICE FILES YOUR FORMS,
MAKE SURE THEY HAVE WHAT THEY NEED TO FILE YOUR FORMS ON TIME. REMEMBER, EXTENSIONS FOR FILING W-2’S
ARE NO LONGER AUTOMATIC. THEY WILL ONLY BE ALLOWED
FOR VERY SPECIFIC REASONS, SUCH AS DISASTER-RELATED DAMAGE
TO YOUR RECORDS. YOU CAN GET DETAILS ABOUT EXTENSIONS
ON FORM 8809. FIND IT
AND OTHER FORMS AT IRS.GOV/FORMS

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