News

$520 Fines for Late or Incorrectly Filed 1099 & W2 Forms

1099 & W2 Filing Deadline January 31, 2017

Major changes are happening in Tax Year 2016!

Deadlines for FILING 1099-MISC forms with Box 7 Non-Employee Compensation & for FILING all W-2 forms are now January 31st. (In the past the deadline for filing these forms with the IRS and/or SS Administration was March 31)

IRS penalties have increased to a maximum of $520 per late or incorrectly filed record (i.e TIN/Name mismatch), the 1098 Mortgage form has been completely changed, and more…

Please call us for a complete list of filing changes and any other questions you may have.

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