Reminder to Employers: Deadline for Submission of Wage Statements and Independent Contractor Forms

Just a reminder to all employers and other businesses. This Friday, January 31, 2020, is the deadline for submitting wage statements and forms for independent contractors with the government. Employers also need to file their copies of Form W-2, Wage and Tax Statement, and Form W-3, Transmittal of Wage and Tax Statements, with the Social Security Administration by said deadline. The deadline also applies to certain Forms 1099-MISC, Miscellaneous Income, filed with the IRS to report non-employee compensation to independent contractors. If an employee does not receive their W-2 by the end of February, as a first step, they should contact their employer.

Contact Wilson Tax Law Group if you require assistance or have questions regarding your legal filing requirements at 949.397-2292.

No comments:

Post a Comment

IRS Announces Late Filing Penalty Relief For 2019 and 2020 Tax Returns Filed Before September 30

Press Release - (IR-2022-163) In recent news the IRS has announced that, individual taxpayers and businesses, impacted by the pandemic may q...