With tax season rapidly approaching, the IRS reminds employers that Jan. 31 is the deadline for submitting wage statements and forms for independent contractors with the government.<\/p>\n
Employers must file their copies of\u00a0Form W-2, Wage and Tax Statement<\/a>, and\u00a0Form W-3, Transmittal of Wage and Tax Statements<\/a>, with the Social Security Administration by Jan. 31.<\/p>\n The Jan. 31 deadline also applies to\u00a0Forms 1099-MISC, Miscellaneous Income<\/a>, and\u00a0Forms 1099-NEC, Nonemployee Compensation<\/a>, that are filed with the IRS to report non-employee compensation to independent contractors. Various other due dates related to Form 1099-MISC, Form 1099-K and Form 1099-NEC, including dates due to the IRS, can be found on the forms’\u00a0instructions<\/a>.<\/p>\n The IRS offers a\u00a0free electronic filing service for the Form 1099 series<\/a>\u00a0using the Information Returns Intake System (IRIS). Filers can also use this online portal to prepare payee copies for distribution, file corrections and request automatic extensions.<\/p>\n New electronic filing requirements affect Forms W-2 that are required to be filed in 2024. Businesses that file 10 forms or more must file W-2s and certain information returns electronically. See\u00a0New electronic filing requirements for Forms W-2<\/a>\u00a0for more information.<\/p>\n E-filing is the quickest, most accurate and convenient way to file forms. For more information on e-filing Forms W-2, employers can refer to\u00a0Employer W-2 Filing Instructions & Information<\/a>\u00a0on the Social Security Administration’s website.<\/p>\n With tax season rapidly approaching, the IRS reminds employers that Jan. 31 is the deadline for submitting wage statements and forms for independent contractors with the government. Employers must file their copies of\u00a0Form W-2, Wage and Tax Statement, and\u00a0Form W-3, Transmittal of Wage and Tax Statements, with the Social Security Administration by Jan. 31. The […]<\/p>\n","protected":false},"author":2,"featured_media":2793,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/randetaxaccounting.com\/index.php?rest_route=\/wp\/v2\/posts\/2794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/randetaxaccounting.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/randetaxaccounting.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/randetaxaccounting.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/randetaxaccounting.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2794"}],"version-history":[{"count":1,"href":"https:\/\/randetaxaccounting.com\/index.php?rest_route=\/wp\/v2\/posts\/2794\/revisions"}],"predecessor-version":[{"id":2798,"href":"https:\/\/randetaxaccounting.com\/index.php?rest_route=\/wp\/v2\/posts\/2794\/revisions\/2798"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/randetaxaccounting.com\/index.php?rest_route=\/wp\/v2\/media\/2793"}],"wp:attachment":[{"href":"https:\/\/randetaxaccounting.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/randetaxaccounting.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/randetaxaccounting.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}New filing requirements<\/h2>\n
Key points to remember<\/h2>\n
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