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 SUITEâ€
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.Â
Contact Information:
info@rtwxxact.com/cell: 216-533-6586/ GA: 470-441-5140 OH: 216-282-9706
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