W2 AND 1099 TAX FILING REQUIREMENTS:
- 1099’S DUE BY JANUARY 31, 2019 TO RECIPIENTS AND PAPER OR ELECTRONIC FILING TO IRS
- 1099 REPORTING FOR AMOUNTS PAID IN EXCESS OF $600
- W2’S ARE DUE TO RECIPIENTS AND THE SOCIAL SECURITY ADMINISTRATION (NOT IRS) BY JANUARY 31, 2019
LATE FILING FINES FOR BOTH W2’S AND 1099’S:
| FILING DATE | FINE PER W2/1099 |
| FILED UP TO 30 DAYS LATE | $50 |
| FILED MORE THAN 30 DAYS LATE | $100 |
| FILED AFTER AUGUST 1 OR NOT FILED AT ALL | $260 |
ALSO NOTE THAT THE IRS AND STATES MAY DISALLOW YOUR DEDUCTIONS IF YOU DO NOT DISTRIBUTE 1099’S TO INDIVIDUALS AND NON INCORPORATED BUSINESSES. DO NOT NEED TO PROVIDE TO S OR C CORPORATIONS.
“FIRST CLASS SOLUTION SUITE”
CONTACT RTW TODAY TO INSURE TIMELY DISTRIBUTION OF YOUR 1099’S AND FOR ALL YOUR TAX AND BUSINESS NEEDS DOMESTIC AND INTERNATIONALLY. DON’T WAIT, CALL OR EMAIL NOW.
Contact Information:
info@rtwxxact.com/cell: 216-533-6586/ GA: 470-441-5140 OH: 216-282-9706
